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Non-Tech : Derivatives: Darth Vader's Revenge -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (248)	9/28/1998 1:08:00 PM
From: IngotWeTrust	Read Replies (1) \| Respond to of 2794

Well, MB, eggs, paychecks & swapping *ARE* at least interesting(vbg)

To: Knighty Tin who wrote (248)	9/28/1998 4:43:00 PM
From: Henry Volquardsen	Read Replies (3) \| Respond to of 2794

Michael, The problem is that derivatives becomes a catchall phrase that covers to wide a spectrum of instruments. If a term covers everything from convertible bonds and CMOs to eurodollar futures to double no-touch knock-in digital quantos it loses any specific meaning and makes useless as a term. People have developed a tendency to call almost everything a derivative. FWIW a friend of mine who is a headhunter called me about a job in the mid 80s, he said the job was to manage a derivatives group. I told him I didn't know what derivatives were. He then pointed out that I had been dealing with them for about 10 years. All of a sudden someone just started calling these things derivatives. Henry