JPM's own admission is they were idiots and it's important to remember that this was JP and JP alone, not BAC, GS, or WFC. This is a loss, but by no means a catastrophic one. JP will survive and if I weren't already long, I would seriously consider buying. Nice to know Doug Kass won't be shy about it I may even add to the position once the dust settles. Also should what one company does have a major impact on the market as a whole, I don't think so. There are far more pressing issues out there other than JP> And those issues will improve as well.
Clean Energy Fuels For The Transition To Natural Gas Vehicles In The U.S. [View article]
I agree with your thesis on EV, however the big sticking points will be range and more importantly a reluctance to accept nuclear as a clean source of energy. A major marketing effort is need to dispel the many myths that exist around nukes. Finally, let's use both and get away from the oil nations that threaten both our prosperity and safety!
How do you blow up a (London) whale? In the case of JPMorgan Chase (JPM) - which sees $2B in mark-to-market losses and counting - apparently by trying to "hedge" against credit stress by writing protection, and get the whole market playing against you. Despite uncertainty about further losses, Doug Kass is buying the dip though many are more cautious. And don't bet against a resurgence in the Volcker Rule and bank breakup talk, and more downgrades ahead. [View news story]
Clean Energy Fuels For The Transition To Natural Gas Vehicles In The U.S. [View article]
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