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JPMorgan Chase & Co. Message Board

amo711 2 posts  |  Last Activity: Feb 23, 2016 11:36 AM Member since: Jan 22, 2007
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  • Reply to

    Jamie did the same thing last crash

    by amo711 Feb 11, 2016 9:49 PM
    amo711@sbcglobal.net amo711 Feb 23, 2016 11:36 AM Flag

    We shall see if Jamie picked the bottom for JPM stock (and market). It feels like a bear market to me. Stocks have been rising for 7 years and are struggling to hold gains. Something happened when the fed raised fed funds rate just a quarter point. The market acted like fed funds rate was raised 2 whole points. If the selling pressure, profit taking continues today (after last week gains) you will see China take a major hit this evening and Europe will follow. Patience, go to cash and go on vacation...

  • Back in 2008 he bought at 22.75 and the stock went to 15 a week later. Of course he made millions when the stock eventually rebounded. Be patient....

JPM
61.24-0.33(-0.54%)May 5 4:00 PMEDT