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Strategies & Market Trends : Strictly: Drilling II

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To: terry richardson who wrote (19154)9/18/2002 4:31:59 PM
From: Jim Willie CB  Read Replies (2) of 36161
 
gonna be a long long long battle
but I will take skirmish victories like yday/today versus that bloated pig JPMorgo

JPMorgo is like a monster with 18 legs
balancing a $25 trillion pyramid of derivatives atop its shoulders
in the last couple years, about 6-8 legs have been kicked out
Enron debt loss
Global Xing debt loss
KMart debt loss
setbacks in the courts over Surety claims
S&P corporate debt downgrade
Latin American debt losses
lost IPO investment banking profits
upcoming lawsuit liabilities (open ended)
commodity trading losses (uncertain amounts)

this monster is missing some big legs
each subsequent loss will be more damaging than the last
how much exposure to dangerous deadly MortBacked Securities here ???
how much exposure to reversal of 10-yr Trez yields here ???
how much exposure to continuation of USDollar decline here ???
how much exposure to gold miner hedgebooks as counter-party here ???

THIS PIG IS DESTINED FOR A LUAU OPENPIT BARBEQUE

/ jim
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