i think a lot of people know jpm is total engima. no one has idea what it is or whats on its balance sheet. not to mention it has 500 zillion in derivatives.
Does anyone have a good explanation why risk assets in the begining of december rallied?
my best guess is now investors are back on the moral hazard bandwagon because of C?
Its not the fundamentals changed.
The problem is everyone is overlevered. How many people do you know that have no debt and several million in cash? Not equities. Its not the wealthy because they are levered up beyond belief chasing returns
Bernanke is a fucking moron. Do you see any acitivity going in your city? I dont see anything in Chicago.
The fed cant make institutions lend to unprofitable businesses
Most of the indicators I look at point to a rally that has already taken place. Even if your bullish odds seem to favor a relatively stiff pullback which may or may not be a buying opp
All the government is doing is guranteeing even more inventory that will sit around and rot. The car market will probably going into free fall just like the housing market
The government is run by morons thats for sure. If anything it will just gurantee even more defaults in the futures. I guess this is what the fed wants. Bernanake is a moron
its becoming a political economy which is a very bad sign. Just vote in the officials who will let you borrow more money.
The country is attempting to bail itself out with itself.