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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: ajtj99 who wrote (68025)	3/7/2003 11:07:38 AM
From: Paul Shread	Read Replies (1) \| Respond to of 209892

Got this email from my friend who does futures arbitrage work: "They can 'settle' with cash on expiration unless they have a budget and are in trouble with it. It is impossible to guess. Even they have margin calls. We think the loss is several billion dollars, but...?? "I don't think that they would take the chance of letting the market 'free fall,' if they can help it, as it could trigger a true 'meltdown' if there are already pressures on derivatives positions throughout the markets."