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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (15231)	2/19/2002 11:07:56 PM
From: LLCF	Read Replies (2) \| Respond to of 74559

Unwind update: Message 17083935 Unwinding will soon become to benign a term... and spiral will be substituted at some point in the future. Speaking of "spiral" has anyone noticed the reasoning behind the insurance companies NOT paying on JPM's derivative trades with ENE??? GOT COUTERPARTY RISK??? dAK

To: TobagoJack who wrote (15231)	2/19/2002 11:09:21 PM
From: AC Flyer	Respond to of 74559

Hi Jay: >>ACF Mike may want to be bullish and therefore he is<< It's not a question of "wanting to be bullish" as you say. I don't believe I have ever pretended to have a crystal ball or to be 100% certain of my point of view. It's a question of weighing the probabilities and taking a portfolio approach to one's investments, imo. I believe that the balance of probability now lies with the worst of this particular economic storm being behind us. There is plenty of reason to be optimistic now, imo. Of course, the bearishly inclined can also find lots of data to support their beliefs. I am happy to engage in a courteous exchange of ideas with anyone who will reciprocate. I will also 'fess up when I am wrong. However, the righteously infallible and the predictors of economic ruin rub me the wrong way. "There's an awful lot of ruin in a nation" - Adam Smith