Too bad the stock market turns into gambling place instead of investment place most those bankers control the prices of any stock is not base on the performance of the stock any more I was started to pull my money out of the stock markets a couple months ago if I'm going to gamble I prefer go to Vegas at least some pretty women serve me the drink
Agreed.... Could be an isolated set of moronic trades..... It happens. And I'll lazily add in what I posted in another forum a minute ago:
Even if JPM posts a quarterly loss, I don't see why everyone is up in arms. The firm had a few losing quarters between 2000 and 2006, well before the crisis, didn't it? The bigger issue is whether EU leaders can put an effective safety net in place with regard to sovereign debt.... They gotta be able to expedite debt monetization if need be.