From: Jeffrey M Matusow
To: Jeffrey Epstein <jeevacationggmail.com>
Subject: Various
Date: Tue, 27 Jul 2010 19:36:52 +0000
Quiet day in equity markets — Dow is up 25 pts and 5+P is flat.
The Euro is trading around 1.30, GBP around 1.56
Gold is off $25 on the positive risk sentiment — trading at $1160. Look for support at the 200 day moving average level
around $1150.
India raised rates earlier today more than expected and the currency rallied 50bps.
We have a NOK/SEK forward maturing on Thursday — the position is down about $65k. I think we should let it settle and
take the loss. USD/NOK is trading around 6.1750 - we took profit at 6.22. We are looking for a pull back to go long NOK
again.
The JPM 6.7% preferreds are trading at $24.80, after trading as low as $22.75. I think we should sell some of your position
($20MM) around $25. You received a 42 cent dividend/share earlier this month.
Corn is down 1 point from our entry point. We should add another $2.5MM to the position at these levels.
Jeff
Jeffrey M. Matusow
JPMorgan Private Bank 140 West 57th Street. Flow, New 1i,rk, NY 10019
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