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To: long-gone who wrote (88253)7/23/2002 4:22:50 PM
From: marek_wojna  Respond to of 116741
 
No wonder Bill and Hillary Clinton who are responsible like no one else for the loss of wealth of an average Joe were such strong advocates of firearms control or better prohibition.



To: long-gone who wrote (88253)7/23/2002 6:08:04 PM
From: Real Man  Read Replies (1) | Respond to of 116741
 
JP Morgan Chase hit on derivatives, Fed rumors (JPM) 20.48 -4.04: Stock is getting mauled today on a report in the Journal that JPM was involved in numerous Enron-like deals (7:01); however, we are also hearing rumors among traders that if JPM`s stock falls or closes below a certain price (we`re hearing $20 or $22), the co may be forced to unwind a number of derivative positions; in addition, we`re hearing rumors that the Fed may hold an emergency meeting tonight to discuss such banking issues; of course, a degree of skepticism is warranted here (especially with the latter rumor), but chatter such as this is undeniably weighing on JPM and the bank group in general.