"Wall Street, instead of appreciating the true worth of companies has become a gambling casino."
San Jose California
Kudos to time for focusing public attention on a potential threat to the stability of the world's financial markets: the wild growth of derivatives ((COVER STORIES, April 11)). These complex new investment instruments have become so esoteric that only those who live in cyberspace can possibly fathom them. Since most of us inhabit the real world, we're fortunate that there are reporters who can alert us earthlings to the danger. Properly used, derivatives can lessen volatility. But $14 trillion floating around...