Well Ice;
JPM has long term trended better than MS,BAC, LEH,C, Countrywide Mortgage, Indy Bank, Bear Stearns.
So no matter how well they do [or dont do,LOL];
they are in a historical downtrending [big bank setor]
I understand some investors do not have a problem with Mr Dimon calling the bottom in the Real Estate market / election year
But frankly i think he should have disclosed ''bear markets are full of bottoms''- matter of fact thats mostly what bear/ buyers markets are made of. Bear markets are full of bottoms
Even the WSJ ,RE market article [6/20/12] had a green ''Capital Hill RE market'' But even that puff piece disclosed , mostly red real estate map, inventory/ iceberg warnings.WSJ called it ''shadow inventory, that hasent been taken back & resold by banks''
As far as the too big to fail/too big to fine.Well yes, Bunker Hunt & JPM was too big to fine for a long time. Bunker Hunt started out as a 12 pound baby, believe it or not
And true, a half million dollar fine on 26/+ million bushel soybean derivative corner;
that s not much
. But the 1977 wheels of justice may grind slow;
but they grind/ fine also..................
I still like Bunker Hunt & J Dimon, no matter how much they lost/were sued/ fined , in the end
