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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: Pierre who wrote (80307)6/18/2002 5:08:20 AM
From: LTK007   of 99280
 
JPM remains a prime short with Apogee Research, based not on TA, but their view JPM is in a derivatives tangle they may not be able to unwind.
The money at stake in the JPM derivatives is mind-boggling.
If ever they lost control it would make LTC affair look like an insignificant event--and it would shatter the market place.
My view is, despite their, JPM's, view, they can handle this,nonetheless, the fact is they have so much money at risk it is an endangerment to the whole country.
And the motivation, rampant greed, is a hell of an excuse to be in such a massive derivatives position. Max
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