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

To: BSGrinder who wrote (88130)	1/8/2001 10:14:57 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

Kit, I agree that the models don't work, but, then, they were developed by academics, so they aren't supposed to work in the real world. <g> I am looking for another upside blowoff. I have a few puts, but am not fully loaded yet. I have a huge number of bear spreads, but the bull spreads are starting to make their presence felt in the portfolio. I disagree with the problem areas he points out, as I don't believe they have much to do with the derivatives game. These guys are too diversified to be hurt by anything other than a national crisis. Remember, the biggest bank in Calif. is run out of North Carolina. And the Calif. electricity melt down is easily solved: simply place a one-time surtax on all the assets valued at over $1 million in Silicon Valley. <VBG>