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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Cynic 2005 who wrote (32824)9/25/1998 10:41:00 AM
From: Knighty Tin  Respond to of 132070
 
MMV, I do remember it. I know I was happy that I wasn't the only one who thought the B-S Model was a crock.

Do you remember about 18-20 months ago when we had an otherwise nice woman on this thread who thought that my options strategies were stupid? She said she was connected to some of the most brilliant people in options and they all used models to make huge sums of money. I wonder if Long Term Capital was her ship of fools?

It is not the only choice. There are plenty of other option idiots out there blowing up all the time. Gotta love the liquidity they provide us. -g-

MB



To: Cynic 2005 who wrote (32824)9/28/1998 12:13:00 PM
From: Thomas M.  Read Replies (1) | Respond to of 132070
 
Speaking of prescient Alan Abelson columns, he quoted someone a while back saying that every big financial market fiasco could be predicted by studying where banks were lending. At the time, he cited a huge increase in bank lending to fund securities purchases. This is exactly what made the LTCM debacle so dangerous, that banks were willing to provide them such extreme leverage.

Tom


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