Tip, CDWC has never warned that I can remember, but I've only been following them for 2 or 3 years.
There are a few hedge funds in trouble, but none has the leverage LTCM had. We have had several dissolve and folks have been hurt, but they didn't take down the system. In much more trouble and much more important are the money center banks and the govt. lending organizations.
If April expiration rolls around, I will certainly keep my puts for May, June, July and August in place. Whether I pour more money in right then depends upon the circumstances in the market, i.e., the off chance I am wrong, and the situation in the 90/10 portfolio. Right now, the 90/10 is set for another round even if I get totally wiped out in April.
MB
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