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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Bridge Player who wrote (11883)4/13/2004 1:47:45 PM
From: Knighty Tin  Respond to of 110194
 
BP, An overleveraged account is always overrisked, in commodities, stocks, bonds or real estate. And many commodities no longer have limits. An obvious example would be silver today.

It may not be wise to go up against Nestle's or Hershey's in Cocoa or Coca-Cola in frozen OJ, but those cos. make huge mistakes, too. Ford would be the example there. They greatly overpaid fair value for palladium then sold it for much less than fair value. So, the big stupids are always with us to be picked clean by clever speculators.