DAYTRADING Fundamentals Message Board

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Strategies & Market Trends : DAYTRADING Fundamentals

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To: Raymond Duray who wrote (15136)	2/4/2002 1:59:52 PM
From: gwb-trading	Read Replies (1) of 18137

Note that the Enron energy trading business was sold to UBS Warburg. This Energy Trading Business is still in operation and was viewed as the crown jewel even after Enron went bankrupt. The trading business was profitable. Note that energy trading is unregulated in the US and most other countries. Enron did not go broke because of losses in Energy trading or because the business was unregulated. This lack of regulation may have caused spikes in the price of energy, which only proves that energy should be traded and regulated as a commodity. The reality is that the price spikes were probably due to a limited number of market participants and a limted amount of resource that led to excessive price volatility. The way to fix this is to open the market to MORE participants (traders) and regulate it properly. Nobody can state that Enron blowing up was due to it's trading business. It was due to shady off-book partnerships that served to enrich corrupt executives that had no direct involvement in energy trading. - Greg

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