SPDR S&P 500 (SPY): Crap... Sure is volatile today. Didn't...

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Re: GLENO34 post# 51414

Tuesday, 06/03/2008 3:10:40 PM

Tuesday, June 03, 2008 3:10:40 PM

Crap... Sure is volatile today. Didn't take the signal to go long. QLD just hit 87.25 2mins after I posted.

I was reading up on Derivatives a couple months ago and JPM and Citi scares the heck out of me. If I remember correctly, JPM has 1.2 trillion in assets but 95 trillion in derivatives outstanding. Citi is slightly bigger and has 32 trillion in derivatives.

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