I think John Chambers retirement is giving the market a sigh of relief rally.
Market will double if Jamie Dimon does the same.
Jobless claims decreased by 1,000 to 264,000 in the seven days ended May 9, a Labor Department report showed Thursday in Washington. The median forecast of 53 economists surveyed by Bloomberg projected 273,000. The four-week average, a less-volatile measure, was the lowest since April 2000.
By paycheck, many of them meant handouts from the government.
They used to give food stamps.
Now, they first give you a plastic card - and then load money on to the card on the 1st, 5th, or 15th of every month.
And JP Morgan used to make 50 cents every time you swipe the card to take money from the ATM.
It is even more sophisticated than a pay check.
Big banks set to pay up
Several big banks - JPMorgan Chase (JPM), Citigroup (C), Barclays (BCS) and the Royal Bank of Scotland (RBS), are ready to plead guilty to felony fraud and anti-trust charges but it seems no one is headed to jail.
It is Ok to commit fraud.
Oh yeah baby.
I placed an on-line order with Sears on 5/10/2015. They took the money and promised to deliver it in 5 days.
Still no arrival.
When I call them back, they say, they are going to cancel the order because they do not have the stock.
Why do they display it on their website that an item is available? Why do they take money? Why do they not let me know in advance?
I believe companies like Sears are anti-competitive dinasaurs that drag the feet of America. They should voluntarily leave the marketplace.
I hope the call center lady survives the next round of layoffs.
Yep. He did not inflate the market in a day or week or a month.
He injected $18 trillion over 10 years.
Big balloon will take longer to pop - But the bust will complete in less than 10 years.
I wonder why they kept money in the banks all these days...