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ldiamond
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Larry Diamond New York City, United States Larry Diamond is a portfolio manager with Continuum Investment Advisers (http://www.continuumia.com). We focus exclusively on managed accounts - we feel that maintaining transparency is important and ensures that our clients receive the return they... More
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  • Meredith Whitney Goes On Bloomberg To Tell The World What We Already Knew 0 comments
    Jun 19, 2012 9:58 PM | about stocks: JPM

    www.bloomberg.com/news/2012-06-19/jpmorg...

    Apparently the JPM trading loss wasn't hedging, it was profit-seeking trades that went badly.

    *Sarcasm alert* Wow - great analysis there coach! That was only a week after Jamie Dimon said much the same thing publicly.

    And duh - hedges don't cause a multi-billion dollar loss. Profit seeking trades do.

    I don't know what's more shocking - that she told us that the sky was blue, or that so many article were written about her telling us the sky was blue?

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

    Themes: Meredith Whitney, Useless Analysis, Useless Analyst, Sarcasm Stocks: JPM
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