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I'm sure that description would be very helpful if I'd had condensed-matter physics. Unfortunately, I've dabbled in x-rays and quantum computing more than condensed matter.

What I hear you saying is that they assume that stuff happening on the other side of the market is only weakly correlated with the stuff that happens to their portfolio. And that assumption turned out to be Very Wrong.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Thu Feb 14th, 2008 at 09:07:11 AM EST
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