it's a little over my pay grade but i get the general idea (jp morgan has bears back...but who's got jp's back?)..."the man" says the derivatives are the big problem...says jp morgan is levered over 70x....forgot how many trillions he said jp was out in levered derivitives but the general story did'nt sound good to me....bottom line is the talking heads on cnbc are sqauwking "bottom" but i think this may be far from over.....the bankers scared...and when he's scared...i listen......says his buddy at paine webber is scared too.....looks like paine, lehman and merryl could be on the fence..f' this market! i'm investing in beer!