General discussions about futures.
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- Roundtable Knight
- Posts: 112
- Joined: Fri Apr 02, 2004 1:40 pm
- Location: Jupiter, Florida
JPM/Commodity Sell Off â€“ Talk again of more possible forced liquidation out of JPM to cover losses the past 2 sessions. Zerohedge ran a story overnight that JPM loss could be upward to $8 bil from previous $2-3 bil est. JPM annâ€™t the initial loss late on May 10th. To note, since the May 9th close until today, CRB is down 3.8%, with Cotton (-17.8%), Cocoa (-8.75%), Copper and Silver (-7.5%), WTI (-6.7%) and Heat, Sugar. Coffee, and Soybeans down over 5.0%. While the heaviest shorted markets of Natural Gas are up 12% and Wheat up 14.0%.