J. B. Wulff

Why Morningstar Doesn't Understand JPMorgan

The current difficulty in the financial world stems from the initial failure of the ratings gurus to correctly rate the risk of "new" investment vehicles. This situation has only been touched on briefly so far. Until confidence in the financial system is restored in the collective mind of the investing public - now a world wide entity - we will not begin to see the proverbial light at the end of the tunnel. JPM is doing its best to stand as an anchor for the financial system as its namesake founder did a century ago. This is one of those "If not here, where? If not now, when?" moments. (In the interest of accuracy, I have owned JPM for many years. I recently increased my investment. I am 66 years old, retired, and far from independently wealthy.)