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It insures the markets of global stupidity and complete lack of security and responsability? The next LTCM Long Term Credit Management of 2006, will surely happen in this sector. More securitization wil mean a much more dangerous and less secure world.
Strange as it seems; this is probably a sign of a market top; when the surreal shows up; the instrument (Residential housing) is on the top turn; so they say
Cordially
http://www.shortorlong.com/
understanding markets
a speculator WAITS Till he KNOWS he is right, and a gambler guesses
one must have a plan with fixed rules & patience, & DISCIPLINE, to be able to implement ones plan
almost everybody knows next to nothing about the mysteries of money
so what to do? Learn, what not to do, then work on, what you need to do
From:
Duncan Robertson
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