Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (24503)	8/17/1998 11:46:00 AM
From: Jurgen	Read Replies (1) \| Respond to of 94695

tippet, don't expect a German bank/company breaking down because of RUBEL-denominated assets. Thanks to conservative German accounting laws all loans have already been written down to nothing or are secured by the government or are covered by huge reserves long ago. Russia is not a new problem, this has been going on for years. Noone really expected to get any money back from Russia. We look at it as a purchase price for Eastern Germany + peace premium and, maybe, an investment that might pay off in 20 years or so.

To: yard_man who wrote (24503)	8/17/1998 12:03:00 PM
From: James F. Hopkins	Respond to of 94695

Tippet; I think you've seen the light, in big crashes the derivatives can crash along with every thing else. Did you not notice several years ago the biggest insurance company in the world defaulted on it's major obligations. The option market can crash, and the big writers just go under, that is a real possibility in a melt down. Books such as how you can get rich in a bear market are mostly artifice , they omit the many possible upsets while making their case of how easy it is. Beside the derivative market being so crooked they do not want congress to even look at it. What happens if you do make a ton of $ on a crash, and suddenly the $ are not worth anything. No one is ever any more secure than their closest friend. Jim