Related by context. Frequent words. (Click for all words.) 59 arbitrage 54 illiquidity 53 illiquid 51 overvalued 51 shorting 50 speculative bubble 50 underpriced 49 undervaluation 49 moral hazard 49 volatility 48 hedge funds 47 counterparty risk 46 underperformance 45 overvaluation 44 speculators 44 housing bubble 44 inefficiencies 44 mutual fund 43 systemic 43 mis selling 43 imbalances 43 outperformance 43 sub prime 43 subprime 43 asset allocation 42 irrational exuberance 42 equities 42 contango 42 forex 42 credit default swaps 42 SWFs 42 dislocations 41 default swap 41 manipulation 41 yield curve 41 CFDs 41 distortions 41 securitization 41 repricing 41 liquidity 41 asset bubbles 41 divergences 41 counterparty 41 algorithmic trading 41 highly leveraged 40 insider trading 40 lax lending 40 herd mentality 40 SocGen 40 Barings 40 speculator 40 securitized 40 mutual funds 40 asymmetry 40 derivatives 40 rogue trader 40 speculative 40 bubbles 40 deleveraging 39 overshoot 39 OTC derivatives 39 Pimco 39 CDOs 39 hedge fund 39 quant 39 subprime mortgage 39 undervalued 39 backdating 39 unwinding 39 intermediation 39 Ponzi schemes 39 ETFs 39 CDS 39 mismatches 39 PIMCO 39 divergence 39 ETF 39 Volatility 39 maladministration 39 valuations 39 stockmarket 39 illiquid assets 38 subprime lending 38 trader 38 intrinsic value 38 risk aversion 38 artificially inflated 38 BaFin 38 Société Générale 38 thinly traded 38 externalities 38 misalignment 38 correlations 38 Hedge funds 38 Kerviel 38 Societe Generale 37 inefficiency 37 deflationary spiral 37 emerging markets 37 hedge fund managers 37 undervaluing