Summary of what our customers have been told:
One must read this knowing that JAS MTS policy is first to ensure safety of capital this is paramount. It has been relatively easy, until this spring, to be in this market with little time on the sidelines and meet the goal of safety of capital first. This is because the risk/reward has been mostly favorable to be in the market. However, this complacency has changed. Understand please, that what you see below is only a brief summary of the information passed to our customers since this spring of 1999. The graph has not yet been updated to reflect the "step aside" of September 23, 1999.
* NOTE THAT CHANGES TO STANCE ARE INTENTIONALLY UPDATED WITH A REASONABLE DELAY, NORMALLY OF A FEW WEEKS, IN DEFERENCE TO OUR PAYING CUSTOMERS (Last revised Oct. 19,1999).