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Pension funds, Money Market Banks, International Banks, hedge funds, arbitrage firms, the big stock market companies, buy-out firms, "privatization" companies, mutal fund companies, major international corporations, & etc & so on.

Even some goverments have gotten into the act.  

She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre

by ATinNM on Mon Apr 23rd, 2007 at 06:42:16 PM EST
[ Parent ]
From my perspective, it seems fragile. But maybe it is really doing what it is supposed to be doing and managing risk. The problem comes if the models are wrong and an assumption that A goes down only when B goes up runs into a situation in which they both drop like rocks.
by citizen k (sansracine yahoo.fr) on Mon Apr 23rd, 2007 at 10:44:27 PM EST
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