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Originally Posted by LegendaryLars
bought at 62 sold at 65 in like 10 days was not too chabby
never went back to it.. and now I am glad i did not  |
ever read the book 'Infectious Greed'? if you want to know the true, dirty details about derivatives schemes and the trillions of dollars behind them, you should read that. if you 'get it', it will scare you death. there's so many 'bets' out there being placed by these huge behemoths on interest rates, and it's mostly all off book. Buffett called derivates the 'weapons of mass destruction' of the ecomomy (or something like that).