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Non-Tech : Derivatives: Darth Vader's Revenge

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To: Henry Volquardsen who wrote (151)9/26/1998 3:16:00 PM
From: Knighty Tin  Read Replies (1) of 2794
 
Henry, Mostly an excellent post. I would just like to quibble a bit and state that a large portion of Short Term Lackacapital's losses stemmed from arbs between Treasuries and CMOS, which are indeed derivative contracts. Of course, they may not be "weird" derivatives, as most brain dead mortgage player use them to produce consistently poor returns. But they are indeed derivatives.

Good Luck,

MB
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