FYI.  I sent this monday 4pm if you hear any rumblings.  Jeff
---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 10/23/2000 
04:15 PM ---------------------------
   
	
	
	From:  Jeffrey A Shankman                           10/23/2000 04:14 PM
	

To: John L Nowlan/HOU/ECT@ECT, Don Schroeder/HOU/ECT@ECT, David J 
Botchlett/HOU/ECT@ECT, Chris Mahoney/LON/ECT@ECT, Ross Koller/LON/ECT@ECT
cc:  
Subject: 

It seems to me we are in the middle of no man's land with respect to the 
following:  Opec production speculation, Mid east crisis and renewed 
tensions, US elections and what looks like a slowing economy  (?),  and no 
real weather anywhere in the world.  I think it would be most prudent to play 
the markets from a very flat price position and try to day trade more 
aggressively.  I have no intentions of outguessing Mr. Greenspan, the US. 
electorate, the Opec ministers and their new important roles, The Israeli and 
Palestinian leaders, and somewhat importantly, Mother Nature.  Given that, 
and that we cannot afford to lose any more money, and that Var seems to be a 
problem, let's be as flat as possible. I'm ok with spread risk  (not front to 
backs, but commodity spreads).  

The morning meetings are not inspiring, and I don't have a real feel for 
everyone's passion with respect to the markets.  As such, I'd like to ask 
John N. to run the morning meetings on Mon. and Wed.  

Thanks.   Jeff