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Non-Tech : Shorting the Big Banks (e.g. JPM, BT, CMB, CCI)

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To: sandbag who wrote (199)11/17/1998 5:02:00 PM
From: BDR  Read Replies (1) of 268
 
<<Any thoughts?>>

Not sure. I am wondering just how important the derivative exposure is. Prudent money managers would hedge their investments to limit the risk but the folks at Long Term Capital were either imprudent investors or were hit with unforeseen risks or both depending on who you choose to believe. I am thinking that at some point there must be some consequences to all this leverage in the face of the slowing economies overseas and but haven't seen it yet and the market seems to think that all the problems have gone away.
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