Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Susan G who wrote (8974)	11/28/2001 5:22:01 PM
From: sylvester80	Read Replies (1) of 99280

If the email from your link is real, then that could explain who possibly tried to influence the credit rating agencies of not lowering Enron's status earlier. Hmmm.... From your link: rumormillnews.net From: Central Bank Oversight & Monitor Committee Sent: Wednesday, November 21, 2001 6:03 PM Subject: JP Morgan in Early Stages of Crashing To: Central Bankers, Secretariats, Governors, and Concerned Others Sirs: As we've been reporting JP Morgan is the key player in the financial derivative markets. What we could be seeing right now are the early tremors going through their common stock, reflecting in part a plunging US bond market, and massive debt repudiation by Enron and Dynegy. The entire derivative pyramid will come down around this institution and other players having extreme risk exposure. The US Federal Reserve will be powerless to prevent this unraveling. To attempt a remedy would be to threaten the recovery of the entire world economy, and the political institutions of same. As you can clearly see the Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) are sounding the alarm bells for the collapse of JP Morgan. Be certain your institutions are not caught in the vortex with nearly all your foreign reserves in US dollars. Sincerely, CBOM

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