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To: pater tenebrarum who wrote (50703)12/22/2000 11:04:28 AM
From: Real Man  Read Replies (1) | Respond to of 436258
 
Ho ho ho, the size of derivative positions @ Chase and Morgan is $22.5 Trillion, or 2.5x GDP of the US, or roughly the GDP of the world. Too big to fail?

occ.treas.gov

Those have to be protected @ all costs, or it will be no longer safe to hold your $ in the bank.



To: pater tenebrarum who wrote (50703)12/22/2000 11:32:58 AM
From: yard_man  Read Replies (1) | Respond to of 436258
 
too late to bet on it -- would have had to do that yesterday -- not my kind of bet anyway -- I still look for a capitulation low -- didn't seem like that on Wed -- ne real indiscriminate selling of all stocks, yet. Probably much lower to go ... can't have bunches of people just waiting to get back in -- needs to be a real panic before I'd go long.


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