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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Sully- who wrote (51137)5/8/2002 10:58:09 PM
From: Cactus Jack   of 65232
 
wstera,

I agree that JPM would be greatly assisted by others before it were allowed to implode, and also agree that it would try to unwind its derivative situation slowly without getting crushed. I saw someone speculate today that such a gradual unwinding may be the cause of gold's rise the past several months. Makes sense to me.

jpgill
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