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Pastimes : Ask da_cheif
MVIS 1.080+2.9%Nov 7 9:30 AM EST
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To: Steve Lee who wrote (8014)1/21/2002 11:13:43 AM
From: Chip McVickar   of 8150
 
Steve,
>>I suspect they are using the "bullshit baffles brains" approach to support their JPM short position. <<

Very Nicely Put.....!
It is extremely difficult for even in-house accounting to know the full derivatives exposure of all the extended operations of a large bank...., much less for an outside organization like Zealllc to make useful announcements on how to trade JPM/Chase [Example Barrings]. It's quite possible JPM's derivatives exposure, which varies daily if not hourly, is often higher then Zeallic's estimate at various moments. If they'd not learned how to manage this vascilating exposure.., they wouldn't be in business very long.

Recalcitrant Bears seem to get "mired" down in one-sided visionary excitement, and leave no room for the prospect of an opposite set of circumstances or end result. No doubt the same can be said of some Bulls like Joe Pagatolia(sp?) who function as mouth pieces for their corporate interests.

As traders we need to reach a level that allows for independence. To find confidence in our own trading abilities and styles...., become fluid and independent of those who are entrenched in rebarbative rhetoric. Personally I rarely listen to talking heads, read only a few articles on the economy and never look at CNN financial news except when getting new tires.

Also, I don't waste time learning someone's trading system who hasn't demonstrated a superb ability in understanding, timing and trading the futures markets.
Chip
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