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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: KyrosL who wrote (37221)7/16/2008 8:41:57 AM
From: arun gera  Respond to of 217942
 
>I don't know what will happen with derivatives, but I tend to believe that most of them will cancel each other out.>

That is just hope. Just like mortgage bankers were assuming that a little higher rate on subprime will make the risk go away. True in principle, but wrong pricing of risk has unravelled that market.

There will be many caught on the wrong side of the bets and their creditors will suffer.

I see some pain but no panic on the mail street yet.

-Arun


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