Yesterday the price of crude plunged ever further as traders realised that the Saudi Arabian-imposed floor under the price no longer exists – or not until the next Opec meeting in June, anyway.
Interestingly, however, full disclosure of information and complete transparency do not necessarily further improve traders' activities.
That was enough to further spook traders, sending the Dow Jones Industrial Average down 107 points, or 0.8%, to 13,487.78.
Weak Hands A term referring to people who believe that declining markets will decline further because traders with long positions are not bona fide hedgers and will not accept delivery but will sell before maturity to reduce their risk.
Tim Sangston of Greenwich Associates, a research firm, expects a further migration of traders out of banks once the bill is finally passed.Some traders may also try to start their own hedge funds, although the fundrais-ing environment is bleak.
Iroquois raids greatly reduced their numbers, and the introduction of liquor by French traders further weakened the tribe.
The traders further asked middlemen at brokerage firms "to use their influence" on other banks that set Libor, according to the documents.
The company fears that if other energy traders further curtail their business with Enron -- either on their own or in response to another cut in Enron's credit rating -- then much of the value of the company could be wiped out, they said.
Trade with Arab and Indian merchants and European transatlantic traders further enriched the island's culinary traditions by introducing a wealth of new fruits, vegetables and seasonings.
With traders moving further and further south, the animal is declining even in its last habitats in Java, Sumatra and the Malaysian peninsula.
