Value Microcaps Free-For-All

[littlejohn]

The insurance invented to protect those speculating in the credit default swap market is the underlying culprit that is causing all the current problems and unrest in the global markets...

It is and was an unregulated betting market which has no known amount of finite valuation because nobody thought it was wise to keep score...

The underlying assets of many companies are not the big problem...

It is the unknown amount of the betting pool created only within the last 10 years after it was outlawed since the early 1900's...

There is a lot of rhetoric about how big it may actually be and the numbers being tossed out by many seem to be growing like Pinochio's nose with each new and bigger figure bantered about...

But the analysis isn't available to dispute any figures on the betting pool as of yet...LJ