bears hopelessly out of sync with the mkt, page-31

Reserve bank studies globally have concluded the deriviatives industry has served to stabalise money markets to a degree we have never experienced before. Postulations by leverage critics of meltdown have been bandied for many many years and global markets are in fact becoming far less volatile as hard as that is to believe. The Dow is a paradigm of stability considering the surface level chaos of US economic management. These are not true open markets remember. Countries are at economic warfare and risk cannot be totally left to the vagaries of "level playing fields"
Bears are far more likely to have their negative mindset rewarded with a nuke or bird flu or even more likely, rapid climate change which will then be followed by every other nightmare. Have a nice day