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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?


To: George Acton who wrote (11098)12/11/1997 10:21:00 PM
From: Simon  Respond to of 18056
 
<< the commercial derivatives market>>> This could be the source of real trouble if the market busts. Look at CALPERS deal in Calif. when the manager screwed up his interest rate bet. Multiply this many times over. I talked with a man 5/6 years ago from a large insurance co. who went to Chicago for a seminar on derivatives. "The only thing I learned was derivatives are way out of my league."