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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: tradermike_1999 who wrote (1655)1/5/2001 9:57:45 AM
From: SouthFloridaGuy   of 74559
 
It's being reported that Bank of America MIGHT have some problems with its overseas derivative trading.

I have been hearing the rumors for a few days now that the straw that will break the Camel's (market) back would be a major institutional player taking a HUGE hit on their overseas derivatives books.

Everybody has been betting it would be Chase/JP Morgan...maybe not.
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