To: Vincenzo lozzo
From: Jeffrey E.
Sent Sun 8/10/2014 3:22:57 AM
Subject Re: A note on shorting
no one knows the other side it just looks like a sell and they are buyers?
On Sat, Aug 9, 2014 at 8:00 PM, Vincenzo Iozzo wrote:
Sorry for the email flood..
While studying I realized I forgot a big counterargument to your derivative on the cyber stuff:
even if you want to short the bond trough a derivative, who's going to take the other side of
the bet? Everyone is/should be aware of the moral hazard there I think
Not saying that invalidates your thesis on the fact that this can't work because it's hard for
investors to understand - just saying that I don't think shorting it is a risk
Anyway, I'll go back to my studies ;)
Sent from my Iphone
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