On one hand, you have JPM. On the other, you have WAMU now wamuQ. 2 years ago, WAMU, now WAMUQ was at $55, today it is at 3. 3 Cents. 2 years ago, JPM was at 35. Today it's at 27 plus another $3 or so in dividends, so youre down a bit, but it will survive and prosper when things turn around. The lesson is, dont buy crap. Buy the best stocks with good management.
I will make that bet Mohammed. As a matter of fact, I am making that bet. It is not the same crappy bank as WAMU. JPM is selling for 27 USD's. WAMU is not selling for any USD's, it is selling for US "C's" as in cents. 3 of them to be exact. There is a good reason for it too.