Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Latest Breaking News

sendero

(28,552 posts)

9. "bullish ruble option contract"

Reply to Jesus Malverde (Original post)

Wed Dec 17, 2014, 10:19 PM

Dec 2014

You know what a "bullish ruble option contract" is? It is a stupid bet made by stupid people often with other peoples' money.

The fact that it is worthless is not a bad thing at all, it is the natural consequence of a stupid action.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

10 replies

= new reply since forum marked as read

Highlight:

Russia Crisis Hits Pimco Fund, Wipes Out Options [View all] Jesus Malverde Dec 2014 OP

Russia was that catalyst for LTCM - the first big bailout CincyDem Dec 2014 #1

Thanks for that succinct lesson in financial priniciples. nt eppur_se_muova Dec 2014 #2

"a couple Nobel Laureates" Please don't call the Economics Prize a Nobel Prize. Odin2005 Dec 2014 #3

I understand what you're saying, but isn't it a ... mahatmakanejeeves Dec 2014 #4

It was associated with the real Nobel Prizes to give it legitimacy. Odin2005 Dec 2014 #5

Ahhhh...ok, what should I call them. CincyDem Dec 2014 #8

Looks as if Bill Gross fled Pimco just in time. n/t dixiegrrrrl Dec 2014 #6

If he shorted the holdings of his old boss, he can easily afford another block of inverted Jennys. mahatmakanejeeves Dec 2014 #7

"bullish ruble option contract" sendero Dec 2014 #9

K&R DeSwiss Dec 2014 #10