EFTA02425043.pdf

To: Jeeyacation[[email protected]] From: Jeffrey M Matusow Sent: Tue 4/27/2010 2:58:05 PM Subject: UPdate I hope the call with Tom was good. CIT announced good 1Q results this morning • positive EPS, increased cash balances, repaid some of their 1st lien loans. On the conference call they said they expect to get rated "relatively shortly". The bonds are are up slightly. Ford also announced great results. Ford and GM bonds both firmer. Heightened Greek fears have hurt PLN and the dividends swap (we are still up $150k on the trade). Goldman officials are testifying before the Senate. The stock is up $2.5 at $154.50. Libor has been creeping higher, so I'm happy we took profit on the eurodollar trade. I am watching for better levels to buy CAD and go short JPY. Jeff Jeffrey M. Matusow JPMorgan Private Bank 140 West 57th Street, 33rd Floor, New York. NY 13019 IRS Circular 230 Disclosure JPMorgan Chase & Co and as affiliates do not provide tax advice. Accordingly, any discussion of U.S. tax matters contained herein (including any attachments) is not intended or wntten to be used. and cannot be used. in connection with the promotion. marketing or EFTA_R1_01493232 EFTA02425043 recommendation by anyone unaffiliated with JPMorgan Chase & Co. of any of the matters addressed herein or for the purpose of avoidtng U.S. tax-related penathes. EFTA_R1_01493233 EFTA02425044