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.

Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (21903)	7/31/2002 11:24:54 PM
From: Ilaine	Respond to of 74559

You can't really expect anyone to pass up an arbitrage play. It's like someone offering to give you a dollar in exchange for 75 cents. I mean, come on, duh? Free money. Maybe the arbitrage rate is only 99.9 cents on the dollar, but if you have enough dollars it's worth the effort. The hot money market is the greatest market on earth, far dwarfing equities markets. It's where the real money is. Nobody can stop it. It's like a fourth law of thermodynamics (the first three being, you can't win, you can't break even, and it's the only game in town.) Number four is: money always seeks its best rate of return.