RE: [OPE] The risks in swaps

From: GERALD LEVY (gerald_a_levy@msn.com)
Date: Sun Feb 17 2008 - 08:36:37 EST


Hi Jurriaan:
 
The cyclical variation in risk-taking by investors, 
especially on stock markets, could be analyzed 
with reference to *crowd behavior*. As everyone
knows who has watched Westerns, when cows
- and  bulls - are frightened they often stampede.
 
In solidarity, Jerry


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