Derivatives will destroy financial markets. The are two dishonest players!
Look at the tell signs on both the NASDAQ/NYSE. What is happening is stagnation in the major indices. This happens when the large derivative players are shifting their positions. They are now moving money and are going to bet against both markets. In the past this is when large corrections take place (over 10 percent). The large derivative players are the ones that run the indices. For example look at Warren Buffet; he is a heavy derivative player that has, over the last five years, substantially decreased his position in stocks and gone the derivative route. Smart, rich player. Derivative are an easy way to hide money.......so large losses can be covered up. The SEC does not understand this and they cannot track this. The result is no regulation. It will only take one major, dishonest derivative player to send our financial systems into ruin.