Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (34394)	5/27/2003 12:51:59 PM
From: energyplay	Read Replies (1) of 74559

Hi Jay - are you effectively short JPM ? While it is believed they had massive exposrue on gold carry trades, they have had a number of YEARS to unwind and reduce those postitions since they became less profitable & possibily unwise. I expect that JPM has VERY large long Euro / Short dollar positions, and will also make lots of money just dealing currency derivaties. I was long JPM about 4 months ago, and made a little money. I would be long today, if I needed to buy a US bank stock, and did not think UTEs and NG were better deals. I think JPM will report big profit numbers from the Euro trades.... Best Regards, energyplay

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