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Strategies & Market Trends : Ask DrBob

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To: stan_hughes who wrote (58647)	5/3/2002 4:01:31 PM
From: Louis V. Lambrecht	Read Replies (2) of 100058

stan - re JPM Don't worry, be happy. Derivatives - there still is that netting law the Fed urges congress to pass for derivatives. JPM has taken some hits: 911 and Argentina. JPM official releases tell that they have no risks at derivatives. Main interest is on JPM's gold derivatives but I saw lately a report from the comptroller showing indeed a huge decline in the positions. Why should anyone bother with gold derivatives when big business is interest derivatives and swaps? JPM currently is closing business lines and foreign presence. Last, JPM will be bailed out anyhow. My only concern is that JPM is the correspondant of my local broker and holds my equities. <ng> I'll really worry when the price hits 20 (20-10 rule). Bailout is my prognose for JPM. Does this makes me bearish ?

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