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To: westpacific who wrote (4044)2/26/2003 11:53:37 AM
From: LPS5  Respond to of 11447
 
Now, are you sure that was a "10 sigma" event, or could it be that assumptions about markets being normally distributed are erroneous?



To: westpacific who wrote (4044)2/26/2003 11:54:26 AM
From: Win-Lose-Draw  Respond to of 11447
 
if LTCM was a 10 sigma event then by the very definition of 10 sigma we aren't going to have one for another 18 thousand years.


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