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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: Alan Whirlwind who wrote (15837)	10/9/2002 7:41:27 PM
From: sea_urchin	Respond to of 80976

Al >a drop in the Dow to 6000 probably will take JP under Your guess isn't too bad. Judging from the relative falls up to now, where Dow has fallen 20% and JPM 45%, if the Dow should fall another 20% that should just about do it for JPM. ichart.yahoo.com^dji&a=v&p=s&t=1y&l=on&z=m&q=l >I suspect the US will printing press with abandon until things stabilize. I presume you are referring to this paragraph in the piece I posted: >>>At some point in this process, J.P. Morgan finds that it has more at risk in the derivatives market -- than cash and … something bad happens. Whether it’s an outright failure or simply a near-failure that requires a Federal Reserve-led buyout, the event would certainly send shock waves through the financial markets <<< All the same, I think you are still too optimistic that everything can be fixed with "smoke and mirrors". I think if JPM goes belly-up there would be enormous repercussions throughout the world.