This is what happens when executives own their Boards & Compensation Committees, they are rewarded great riches for failure, all at the expense of shareholders. Welcome to the corrupt plutocracy, crony capitalism.
Hopefully Dimon will go to prison where he belongs!
JPM must have some serious leveraged exposure globally for Dimon to pull this stunt. Could be prison time for Jamie once it is learned what the criminal thugs over a JPM pulled this go round.
The American people have had enough of crony capitalism, the corrupt money center banks, the revolution is coming this coming election.
Criminal Dimon and the other mob bosses of the money center banks see the corrupt plutocracy is unraveling before their eyes. The American people of had enough of crony capitalism, a rigged system that only benefits the ultra rich. The revolution has begun and jerks like Dimon will soon be in prison for his crimes against the people, our economy, our nation.
aapljack you are one of the few armed with sound mind who was quick to point out the hypocrisy and stupidity of the BTU cheerleaders. Just wanted to say goodbye before the door closes on the BTU message board and bankruptcy takes hold. Good luck with all your endeavors.
Sick board indeed. Unfortunately those that are severely ill are clueless to their own malaise. Stupidity.
First, let me once again offer my condolences to the hardcore BTU faithful who have ridden this PIG down from $600 to the present lowly $2.50 over the past 48 months. It must of been a terrifying death.
What never ceases to amaze, even in the face of the impending bankruptcy announcement ( now clearly a certainty), is the misplaced optimism displayed by the very individuals who have gotten absolutely hammered over the years, suffering colossal losses, proven incredibly wrong, time and time again.
One would think, purely out of shame, that any talk of a rebirth would be terminated immediately, but inexplicably that is not the case evidenced by the recent hysteria fueled by the Supreme Court announcement to stay Obama's Clean Power Plan.
Post after post cheering a new day, the page has turned, up up up from here. It even brought out a few of the old timers, long in hiding, to proclaim they are positioned well to take advantage.
Well that party proved to be a one day event, BTU's earnings, or should I say huge losses, put an end to that madness, and left no doubt to BTU's ugly fate.
Even I was surprised however during this short lived orgy of stupidity, that the Godfather of the Confederacy of BTU Dunces, a fool named History, had the audacity to direct his followers to "flag" my posts in an attempt to take back the BTU message board from those who dare disagrees with his long legacy of misinformation, fallacious, inaccurate BS that he has been preaching since BTU stood at $900.
I was the one voice of reason in this madhouse over the years. I tried in vain to educate the ship of fools, to save them from themselves, sadly my words fell on deaf ears and they suffered monumental losses for their shortcomings and pride. Even till the bitter end I received no thanks, nor recognition for my efforts, only more hatred from the likes of History and his band of unfortunates.
1812 held today, it won't much longer. S&P 500 to 1600 soon, act accordingly.
Sprint has been an unmitigated disaster for Softbank, hence the reason Softbank's stock is down 40% in the past year alone, their latest earnings plummeting an amazing 80%! Of course Softbank Mgt will try to paint a rosy picture, but they understand they are in big trouble. Will most likely be forced to allow Sprint to fail in the coming months, cut their losses.
Of course Son is going to hype Sprint, the cow is milking Softbank into bankruptcy. Sprint has been an unmitigated disaster for Softbank, hence the reason Softbank's stock is down 40% in the past year, their latest earnings plummeting an astounding 80%!. Softbank has a bad case of Mad Cow Disease AKA Sprint. You Sprint Pumpers have no shame!
Nov 11, 2015 the S&P 500 was trading 2075, Jan 19, 2016 the S&P 500 trading 1880 and somehow Kern possesses the nerve to call me an idiot because Sixty is so incredibly ignorant and misinformed? Typical BTU dimwit.
What is even more outrageous I see today Kernbuffoon is bragging that he predicted the market would fall and yet it was I who called the market debacle many months ago with the S&P 500 trading 2132 (My original post on the subject). All of my detailed concerns became reality. And who was most critical of my foresight? And what low life is now changing his tune? Yep, Kern the lying jerk! What a pathetic hypocrite Kern is.
Does this idiot ever tire of being wrong? Wrong Way Bove also stated banks were a buy of a lifetime just prior to the 2008 crash.
Yes earnings beat on nearly every metric but today's earnings do not reflect the turmoil ahead for a company with large exposure to a slowing world economy. So it is imperative to comprehend the good news is behind Disney, today's earnings a rearview mirror statement.
The ESPN negative will look like child's play in the coming qtrs as the segments exposed to discretionary spending such as theme parks, cruises, Disney vacations, et cetera get slammed as the slowdown, and the very possible world recession, takes hold fueled by the collapse of the credit markets globally.
Disney company is a cyclical company and will suffer greatly in the coming storm. I strongly suggest you pull up a chart of Disney Stock for the past five, ten, fifteen years and it will be revealed the degree to which the momentum players have pushed this equity to parabolic levels. If I am correct, which I am confident, Disney will revert back to the mean, a price of approximately $35 to $40 a share in the next 12 months.
One must comprehend and be extremely aware of the reality the credit market debacle remains in the early innings. Credit conditions have historically been a very accurate barometer of things to come for equities. To ignore this truth, the recent collapse of the banking sector globally is a fools game.
A tsunami of bankruptcies are on the horizon and until this plays out, until this is fully reflected in the credit markets, you best get out of the water, and certainly you do not want to be holding a stock like Disney with high exposure to the consequences.
There is very good reason why Disney stock is responding negatively to good earnings. Let's hope you are wise enough to get the message.
It is going to get ugly!
No company is more exposed to world slowdown than Disney. Shares will plummet to $65 in coming months.
Can't think of a company more exposed to world slowdown than Disney. I see $65 in the coming months.
Educate yourself to your new surroundings, many wild plants are edible, but be careful some are not. Be strong!
They will feel no sympathy from me as they loudly cry "Why?! Why?! Why?!". The Pumpers were warned repeatedly of the impending doom.