There is a point of view that "the market"
(aka equity, futures, derivatives etc)
has all the relevant information and prices assets in
a rational manner.
Like all myths, there is surely some truth to be found
here, and given the downside risks these companies face,
it has been a bit of a mystery to me that the short
sellers of this world have not alreay driven the shares
of these firms into the ground ......
.....time will tell.
Date: Wed, 25 Aug 1999 10:27:09 -0700 (PDT)
From: Kirsten Saylor <email@example.com>
Subject: GMO's and Europe's banking community