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Trade in my own account and owner of KJP Enterprises.Also Trade stocks for Family and friends.
  • The JPMorgan Chase Witch Hunt 0 comments
    Oct 3, 2013 11:14 AM | about stocks: JPM

    In a few short weeks the Halloween Season will be upon us.Scary ghost noises,witches flying on brooms,and kids shuffling down the street clutching orange pumpkins filled with candy.There was always a house in the neighborhood no one wanted to approach because they thought it was haunted.On Wall Street that scary house resides at 270 Park Avenue,New York City.That is the headquarters of JPMorgan Chase - JPM - where Jamie Dimon runs a worldwide city of 254,063 employees.In that global environment there are many moving parts with a lot of directors,traders,and office personnel.Not easy to spot every small movement in the bushes or hear every rustle of the wind.Regulators around the world are now looking for ways to fine Chase so they can acquire a feather to place into their Career advancing hats.These billion dollar " Fines " that will be collected should not be buried in the desert ala " Breaking Bad " in barrels to be dug up in 2112.This money should be returned to all taxpayers in a check with a Chase letterhead on it.U.S. regulatory agencies have collected billions of dollars since the financial crisis of 2008-2009.Where has it gone? Did you get a check in the Mail? Of course not because that money has disappeared into the same Black Hole that the " London Whale " trades have gone.Bruno Iksil who lost billions tripling down on a bad trade should not be fined so heavily.He should be sent to Times Square to run a Fast Food Restaurant.There the Wall Street crowd can point to him as an example for future traders on how fleeting the high life of trading can be.Some people want more than an ounce flesh from big banks regarding the financial crisis.Others believe that some like JPMorgan Chase have given enough already.So when you are walking past that haunted house in the neighborhood on Halloween pay no attention to the quick movement of the dark curtain.James Dimon does not live there but is watching you from a tall building in Gotham.Ring the bell more than twice as it will take him some time to answer the door.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: JPM
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