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Learning From Market Tremors | Hari Krishnan
Forward Guidance
Is There a Bull Market in the Oldies?
With a lot of what you do is futures, which is contracts to receive something out there physically or in cash in the future, and a lot of that is leverage. And so the oldies aren't completely out of play, I guess. Definitely not. The oldies are coming back. There's a bull market in the oldies. Yeah. Absolutely. It's leverage upon leverage, upon leverage in risky underlying assets. But it should have sent out a massive red flag from the very beginning.
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