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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (3565)	1/23/2008 1:10:23 PM
From: Real Man	Read Replies (2) \| Respond to of 71454

I have no clue. I expected a crash at some point due to options markets having such a profound effect on prices, and too many highly leveraged CTAs selling hedged options index contracts. I think we are talking $300 billion worth of highly leveraged CTAs doing this, as opposed to $1 billion for LTCM. Markets will do funny things now, as they count on correlations, and those break down too because they count on them! It's a very dangerous market. Citi will go under if this keeps up, as they are bigger than JPM in equity options.