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I don't know why you keep wanting to "win" and talking condescendingly to me as though you have some personal stake in this argument when its readily apparent t
by codexon 17y ago
I don't know why you keep wanting to "win" and talking condescendingly to me as though you have some personal stake in this argument when its readily apparent that you are not correct.
Can you go see what the S&P has done since that press release you cited? (Hint: its down 27%).
Now I'm not saying that you can't make a bunch of money on derivatives. Let's stop arguing about this.
The fact is that derivatives is about as moral as gambling except that you can gamble imaginary sums and the government will step in to pay with tax payer money because Goldman Sachs owns the Fed and the banks are "too big to fail". Even Warren Buffet has admitted that they are bad, and its not just one random quote.
Just because he is joining the club doesn't mean that derivatives have stopped being bad, it only means that he can't fall behind the other investment vehicles.