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To: Les H who wrote (151884)2/18/2002 12:05:00 AM
From: John  Respond to of 436258
 
Obviously, they are very pissed that their little derivatives party has been crashed. No pun intended, of course.

The argument does have merit though, and without new investment dollars, the long side of the leveraged instruments house of cards is going to inevitably succumb to a few primary laws of physics, not the least of which is gravity! Stand by! Heh!

Damn, I don't like this giddy feeling! It is scary from a contrarian's viewpoint!

John



To: Les H who wrote (151884)2/18/2002 2:30:42 AM
From: Simba  Read Replies (3) | Respond to of 436258
 
"successful capitalism in a democracy is about privatizing much of the upside of booms and socializing the downside of busts. "

pimco.com