Related by context. Frequent words. (Click for all words.) 56 mispricing 56 mispriced 55 illiquid 54 muni bond 53 MBSs 50 Risk averse 50 riskless 49 speculators 49 underpricing 49 inverse ETFs 48 overvalue 48 Kenichi Hirano operating 48 illiquid securities 48 CDSs 47 muni bonds 47 illiquidity 46 highly leveraged 46 leveraged ETFs 46 counterparty risk 46 hedgies 46 overleveraged 46 moral hazard 46 hedge funds 46 shorting 46 artificially depressed 46 volatility 46 risk averse 45 diversifier 45 donā 45 depreciating asset 45 monolines 45 synthetic CDO 44 regulatory arbitrage 44 mutual funds 44 Axel Merk 44 overweighting 44 underweighted 44 munis 44 securitized mortgages 44 subprimes 44 speculative bubbles 44 arbitrageurs 44 highly levered 44 Inflation erodes 43 investors 43 subprime mortgage 43 creditworthy 43 sovereign CDS 43 synthetic CDOs 43 illiquid assets 43 overpay 43 subprime 43 See Market Snapshot 43 Junk bonds 43 overreact 43 backdate options 43 risky subprime mortgages 43 naked shorting 43 backed securities 43 asset bubbles 43 Simon Maughan 43 speculative 43 liquidity 43 Tjornehoj 43 securities 43 mean reversion 43 speculator 43 Takashi Ushio head 42 nontransparent 42 misselling 42 TBTF 42 arbitrage 42 quant funds 42 subprime debacle 42 borrow cheaply 42 LTCM 42 overvaluing 42 GSEs 42 microcaps 42 herd mentality 42 monoline insurers 42 speculative bubble 42 forex 42 riskiness 42 dollar denominated assets 42 Tony Crescenzi 42 reprice 42 Joseph Trevisani chief 41 diversified portfolios 41 overweighted 41 sub prime 41 speculative excesses 41 underpriced 41 profit maximization 41 Mortgage Backed Securities 41 securitized 41 overpaying 41 quants 41 counterparty 41 subprime loans 41 expire worthless