Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Terry Whitman who wrote (42434)	11/30/2000 12:20:06 PM
From: re3	Read Replies (2) \| Respond to of 436258

does anyone know what the vix level peaked at in 1987 ?

To: Terry Whitman who wrote (42434)	11/30/2000 12:42:02 PM
From: pater tenebrarum	Read Replies (2) \| Respond to of 436258

well, first of all, so far the bank puts have worked well, though not spectacularly so. by the time the troubles are obvious enough that the Fed is seen intervening, the stocks will have dropped quite a bit already. imo you also make the mistake that it appears to me everybody makes: blind faith in the Fed's ability to bail us out of ANY kind of trouble. if it were that easy, the Japanese banks would all be thriving. trust me, the excesses in credit that have built up over the course of the expansion are so huge, that a true crisis may be too big to bail, or that at least some time and effort will have to be expended before it is brought under control. considering that the Fed as well as other CB's have speeded up their printing schedule again lately is imo already one of the signs of brewing problems. you also underestimate the effect of the bursting tech bubble on the financial system imo...i'm convinced there's a ton of telco dud loans out there, and who knows what else.