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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Jim Willie CB who wrote (52379)	5/30/2002 1:24:23 PM
From: Sully-	Read Replies (2) of 65232

13:08 ET JPM sinks to session lows : Intraday weakness in JP Morgan (JPM 35.30 -1.67) being blamed on rumor that co could lose banking biz of a major customer (GE mentioned). Also said to be weighing on stock are concerns about loans to Eurotel and potential gold hedging exposure. Briefing.com is unable to confirm any of this speculation as being true, and would note that JPM is not the only broker currently testing its lows of the day as equities (Dow -87, Nasdaq -14.7) extend losses.

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