JPM Stock to Plumb for New Lows

January 22, 2003 2:45 AM
Subject: JPM Stock to Plumb for New Lows

To: Central Banks, Secretariats, Governors, Concerned Others

The bear market rally in US stocks has concluded. JPM at this particular juncture is well-positioned to crash through its 2002 low of $15 and go right through its all time low of $3.18. The increase in trading volume on the downside is indicative of extreme stress. What will happen from there we cannot tell. A bailout by the US taxpayer is a distinct likelihood. To refamiliarize yourself with this lipsticked pig, we refer you to: http://www.zealllc.com/2002/jpmcrash.htm

As recent heavy fines imposed on JPM have been borne by JPM shareholders, we can anticipate a strong probability of a shareholder class action lawsuit for indemnification for these losses. When the other imprudent derivative risk exposure is revealed, we can expect further outrage to be expressed by these affected class members, and new signatories as JPM moves into the full discovery process.

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