jake... i am prepared.
not as many risky assumptions are being made in wall street big bank boilers rooms as had been happening for 50 years. some of that reduction is over legislation, but most is over risk management models having been adjusted, including mine. my butt is only hanging out on this board.
i'm feeling much better, however, about the ability of 'the system' to adapt before it allows another crash approaching the severity of the last one..
hedge funds can mess up the works considerably, but the big boys still dwarf them and will be able to minimize the damage they will no doubt cause at some point.
of course, terrorists and asteroids cancel it all out :)
let's just take a deep breath, hold on tight, and see if PPHM is the real deal. we'll know that before the financial systems crashes again, i suspect. if pphm will just make me happy after 14 years, then i'll make space in my brain to worry about the next crash.