<p>No trophy? Come on, i said the marketnwould close up,but off the highs…which it did…can i get a pin at least.? Fast Money babe, Karen Finerman ,on wednesday night, had JPM as her 1 st trade for thursday…oh well…</p>
<p>Dstark, Bought SLV at close and more silver coins today at my local dealer</p>
<p>qdogpa - I would have bet against your 12000 call before 13800. But I think this jpm issue is the nail in the coffin. I’m not certain how I’m going to play this but I may start going short the market.</p>
<p>The concern again will be what have other banks done and then it could be a very big deal. When Jamie Dimon was asked about this, he seemed to imply it was a stupid mistake that others probably didn’t make. I’m going to sleep on this - perhaps iau or slv tomorrow.</p>
<p>Performersmom…yeah…the number 1 guy…screwed up.</p>
<p>JPMorgan was gambling. That’s it. The company wasn’t doing anything for society. JPMorgan wanted to make more money for itself which isn’t a crime.</p>
<p>But…why are taxpayers subsidizing this industry? Why does this industry get tax breaks?</p>
<p>The reason…this industry has political clout.</p>
<p>That is just a fact.</p>
<p>Taxpayers subsidize gambling.</p>
<p>The brainwashers will be out in force tomorrow…with the same old bull about too much regulation and taxes that are onerous. But…it is still
bull.</p>
<p>The small firm I’m with deals with JP Morgan…and GS…and many of the other companies that do God’s work…and these companies are getting better…at least I thought so…but…they don’t really understand their risk. ;)</p>
<p>I have been trading derivatives off and on for 30 years…and because it is almost impossible to be perfectly hedged…there is risk…no matter what these firms say. And…you can say you are hedging…and you are …but you can still hedge for the sole purpose of making profits…for yourselves…not because you are hedging because you love your customers. :)</p>
<p>Another super bright guy…misjudges risk…what a surprise.
Super bright guys can lose a lot of money. Lol</p>
<p>The es futures are not down much…I thought it was going to be worse.</p>
<p>I remember reading a book a number of years ago, where the author was pointing out how many traders working for these firms had no clue how much money they could risk. One would think that this would be the first thing and most important thing that they would consider but apparently many of them at the time didn’t have any experience with highly volatile markets that were crashing. I would have expected that after 2008, they would know better.</p>
<p>I don’t know how analysts can analyze the value of the banks when trading is such a large part of profits…</p>
<p>I am waiting for CNBC to ask Warren Buffett…when Buffett analyzes banks…how does he value their trillions of dollars in notational value derivative positions? How do banks value their derivative positions?</p>
<p>And with 5 banks controlling 90 percent of the off exchange derivative market…when banks are on opposite sides of trades…how are those trades valued?</p>
<p>If CNBC asked questions like the above…and the answers were thorough
and not sound bites…even if the answers took a long time…then CNBC would be a real financial channel…instead of a station of shills.</p>
<p>I don’t think Warren Buffett or James Dimon knows the answers to those questions. Just my opinion.</p>
<p>"SAN FRANCISCO (Reuters) - Facebook Inc’s record initial public offering is already oversubscribed, a source familiar with the share listing said, days after the world’s largest social network embarked on a cross-country roadshow to drum up investor enthusiasm.
Despite concerns about slowing growth, a lofty valuation and signs the company is having trouble ramping up revenue from mobile advertising, institutional investors have so far indicated demand for more shares than Facebook has available, the source told Reuters.</p>
<p>Analysts say the company, which is seeking to raise about $10.6 billion by selling more than 337 million shares at $28 to $35 apiece, may raise that price range if demand turns out to be healthy enough.</p>
<p>One large institutional investor had put in a major order for shares on Wednesday and was calling around syndicate desks trying to acquire more, a second source familiar with the IPO’s progress told Reuters, declining to be identified because the details are not public."</p>
<p>Ok…this is not what I heard…although …I was told retail demand…not institutional demand was unprecented…i did not here anything about institutional demand.</p>