day, some companies may go belly up today, but the market is much calmer than some people pictured as the end of the world. Also that nominal value of $60 Trillion of CDS contract is just for plain panic. Today\'s total payout on the case of Lehman default is about $6 billion.
This is the basic reason I am in financial now, panic, beautiful panic.
If u are not aware, today is lehman's CDS settlement
longtermInvestor (2008-10-22 12:09:24) 评论 (3)day, some companies may go belly up today, but the market is much calmer than some people pictured as the end of the world. Also that nominal value of $60 Trillion of CDS contract is just for plain panic. Today\'s total payout on the case of Lehman default is about $6 billion.
This is the basic reason I am in financial now, panic, beautiful panic.