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Strategies & Market Trends : The coming US dollar crisis

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To: $Mogul who wrote (12470)10/6/2008 12:00:51 PM
From: Real Man  Read Replies (2) of 71463
 
Well... who sold all the puts out there, and
can they get their money back? <G>

VIX is a very tempting short here, but I am scared,
I won't lie. LEH "only" was a counterparty to 24 billion
(real value) in derivatives. The multiplier is huge and
unknown. The mess is not yet sorted out, and CAN potentially
result in a domino effect. Remember the ABX index last year? <g>

I have long said that the mess will detonate when it outgrows
the Fed. We are there.

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