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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: isopatch who wrote (4678)	11/30/2001 11:37:00 AM
From: SliderOnTheBlack	Respond to of 36161

dup

To: isopatch who wrote (4678)	11/30/2001 11:37:00 AM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 36161

re: ENE "exposure" All of these quotes as far as "exposure" to ENE's implosion are misleading. Co's traded directly with ENE and in other situations with other Co's who then laid off part of the trade to ENE. For example, if you had a $1.2 Billion dollar trade with someone who laid off $1 Billion of that to ENE... Co's are quoting that as "$200 Million" in "exposure" - where if ENE is insolvent...someone along the line has $1.2 Billion in EXPOSURE....the dommino's may/will fall in multiple directions...the chain reaction effect is yet to be determined...and God forbid we see another Domestic Terrorist act around the Xmas timeframe (which is WHEN I would be antricipating it to happen for maximum psychological/emotional & financial impact - IF the Terrorists still have any US strike capability...and sadly, I think they do). The Gold & US Dollar derivatives positions are out of control...add the Fed's money supply ramp, the airline bailout, the War on terrorism...Argentina teetering ever close; Japan - still a mess... now ENE's LTCM-esque meltdown... There can't be much ammo left to hold down the next Gold run.... tic - toc'...