We are expecting a pullback in equity indexes".
The three major equity indexes are again at crucial technical "support" levels.
The spokeswoman also said the derivatives involved were based on equity indexes.
Berkshire sold a form of insurance to buyers who wanted protection from a drop in "four major equity indexes" over the next 15 to 20 years.
The equity indexes bounced back last week, on the hope that imminent interest-rate cuts would deliver the economy and corporate profits from disaster.
Under that agreement, Vanguard could model its mutual funds on a family of domestic equity indexes that MSCI says it will introduce early next year.
EQUITIES ABROAD Despite the recent stock market rally, the major equity indexes in the United States are seemingly a lifetime away from their bull market highs.
While the major American equity indexes are down or flat for the year, some prominent European stock indexes have posted gains.
Major equity indexes fell 2 percent or more, sending the broader market in the United States back into negative territory for the year.
He has sold "put" options on various equity indexes and some credit default protection too, with an exposure of up to $63 billion.
Equity indexes in Indonesia (up 3.4 percent), the Philippines (2.8 percent), Argentina (2.1 percent) and Singapore (1.9 percent) were among the sharpest gainers.
