Comments on: Wow! …what a market & CME’s Global Financial Leadership http://traderpsyches.com/wow-what-a-market-cmes-global-financial-leadership-2 Trading Psychology, the Thinking Man's Market Psychology Wed, 21 Jul 2010 04:52:33 -0400 http://wordpress.org/?v=abc hourly 1 By: DKS http://traderpsyches.com/wow-what-a-market-cmes-global-financial-leadership-2/comment-page-1#comment-1449 DKS Thu, 02 Oct 2008 16:28:10 +0000 http://traderpsyches.com/blog/?p=38#comment-1449 Mark, they would have brought more liquidity to the CDO's traded primarily between BSC, GS, MS, MER, JPM and a relatively small group of others (compared to any other sort of liquid market) ... that along with maybe a review of mark-to-market accounting could have had a positive effect on the depth and severity of this crisis. I am not saying it would have averted it completely but I am saying that small and opaque markets made it much much worse than it had to be. As soon as one instrument was in trouble, everyone else was too. Mark, they would have brought more liquidity to the CDO’s traded primarily between BSC, GS, MS, MER, JPM and a relatively small group of others (compared to any other sort of liquid market) …

that along with maybe a review of mark-to-market accounting could have had a positive effect on the depth and severity of this crisis. I am not saying it would have averted it completely but I am saying that small and opaque markets made it much much worse than it had to be. As soon as one instrument was in trouble, everyone else was too.

]]> By: Mark http://traderpsyches.com/wow-what-a-market-cmes-global-financial-leadership-2/comment-page-1#comment-1448 Mark Thu, 02 Oct 2008 06:12:57 +0000 http://traderpsyches.com/blog/?p=38#comment-1448 I love specs; some of my best friends are specs, but...central banks, fractional reserves, fiat currency, mercantilist/fascist gov - thats too much, even for specs. Glaciers are melting, sea level is rising, so specs are going to do what? Bring liquidity to the ocean? Ponzi goes to the sky , forever & ever, as long as we can roll into the next contract? I love specs; some of my best friends are specs, but…central banks, fractional reserves, fiat currency, mercantilist/fascist gov – thats too much, even for specs. Glaciers are melting, sea level is rising, so specs are going to do what? Bring liquidity to the ocean? Ponzi goes to the sky , forever & ever, as long as we can roll into the next contract?

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