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


To: Giordano Bruno who wrote (7288)5/15/2008 9:12:56 AM
From: Real Man  Respond to of 71456
 
Ah. The major bubble is in derivatives. Liquidity (TAF, etc.) is
inverse of volatility, so the SP run is perfectly explained.
That said, VIX is extremely low. Derivative-based explanation
seems to point to an inevitable epic meltdown of the banking
system at some point. These instruments resumed exponential
growth, for now, on the epic liquidity injection from the Fed.