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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Timothy Liu who wrote (61892)	6/9/1999 3:46:00 PM
From: MulhollandDrive	Respond to of 132070

>>Probability theory is much easier than QM. :)<< Yeah, but you gotta admit, quantum mechanics sounds really cool. bp

To: Timothy Liu who wrote (61892)	6/9/1999 4:06:00 PM
From: Michael Bakunin	Respond to of 132070

I really enjoyed my quantum classes; after all, it's just math. I think your thumbnail probability sketch is good, but for volatility purchasers (puts/calls), I'll add a wrinkle. Volatility usually is associated with great disagreements by market participants. RMBS's prospects require so many assumptions, none of whose likely are right, that vol is almost built in, since the only thing moving this thing for the near future is sentiment. Another IBM soap opera, and poof! -mb