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To: Lucretius who wrote (29995)10/19/2000 10:30:28 PM
From: pater tenebrarum  Read Replies (1) | Respond to of 436258
 
leverage going bad may become a factor in the ongoing denouement...the heavy buying of futures to ramp us into expiration may even have been designed to bail someone out.

i'm sure there's already a mini LTCM out there somewhere...those spreads blowing out - somebody must be eating huge losses by now.

one should actually short/poot a cross-section of financials...as soon as the victims come out to confess there should be an industry-wide "valuation adjustment"...