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To: GST who wrote (70581)7/29/1999 1:55:00 PM
From: KeepItSimple  Read Replies (1) | Respond to of 164684
 
> And then they used this pool to establish derrivative positions of $1 trillion?

Slightly under 1.5 trillion, actually. The only things bigger than it were the economies of the US and Japan.

That's why we bailed them out- it would have thrown the world into recession.

Lets see Easy Al greenspan try to bail out 50 trillion worth of derivatives and daytraders and grandmothers!

Remember, 25% of all US personal wealth is now contained in the equities markets. Double the amount in 1929.




To: GST who wrote (70581)7/29/1999 2:10:00 PM
From: Robert Rose  Read Replies (2) | Respond to of 164684
 
gst, the whole hedge fund thing is very disquieting, I wholeheartedly agree. I am sure ltm is just the tip of the iceberg, titanic-sized or not.

Can't understand the attraction of high leverage when one can pick 10-baggers from the inet tree like low-hanging, succulent, ripe cherries. (Only being partly facetious, believe it or not ;))


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