JPMorgan Sees V-Shaped Recovery on Robust Growth

[Quincy K]

Re: JPMorgan Sees V-Shaped Recovery on Robust Growth

Well, I see in today's headlines that Colonial Bank is on the verge of being shut down.

As for anti spin of the JP Morgan news there is this:

http://www.bloomberg.com/apps/news?p...d=ay34zB6jhhGQ

U.S. Stocks Are ‘Dramatically Overpriced,’ Federated’s Tice Says
Share | Email | Print | A A A

By Michael P. Regan

Aug. 14 (Bloomberg) -- U.S. stocks are “dramatically overpriced” because the fallout from the financial crisis will continue to hurt consumer spending, said David Tice, Federated Investors Inc.’s chief portfolio strategist for bear markets.

“I’d love for prosperity to return, unfortunately I think you need to be realistic and it takes time to work off these excesses” from a bubble in credit markets, Tice said in an interview with Bloomberg Television.

Tice, who predicts that the Standard & Poor’s 500 Index will eventually slump to 400, said he would add to short positions if the market goes much higher.

Last Updated: August 14, 2009 08:00 EDT

If one is convinced that the S&P 500 is eventually going to 400 then why would anyone need to wait for the market to go higher in order to short?

1000-600=400=150 percent gain. What does another five or ten percent mean in the grand scheme of things?

Am I missing something here?

[nero3]

Re: JPMorgan Sees V-Shaped Recovery on Robust Growth

The problem with shorting the market is that the loss can become unlimited, unlike the long side.

[vinoveri]

Re: JPMorgan Sees V-Shaped Recovery on Robust Growth

If one is convinced that the S&P 500 is eventually going to 400 then why would anyone need to wait for the market to go higher in order to short?

1000-600=400=150 percent gain. What does another five or ten percent mean in the grand scheme of things?

Am I missing something here?

yes. no one seems convinced of if or when the downleg would occur and how far it will go. Prediction is difficult in "wonderland" where governments are in league with financial oligarchs behind closed doors and fiat money rules the world (at least for now).

[mesyn191]

Re: JPMorgan Sees V-Shaped Recovery on Robust Growth

sometimes that disturbing guy Alex Jones is on the air to.

hahah, yea he is a nut, half the fun of American radio is listening to guys like this rage. (That clip makes for an amazing ringtone BTW.) Most don't take them seriously.

You should listen to Love Line when you get the chance though, that show is awesome, they have their shows available on line now too.

There is so much advertisement for companies that advertize for credit card debt restructuring, that it's almost insane. Improve your credit rating, restore it, blah, and all that crap, quite a boom in that business it seems.

Its been like that for years. Prior to the .com bust/housing bubble they didn't exist, or at least they were unusual. Around 2003/04 is when you really started to see them come out in a big way. They have gotten lots more agressive with their ads since the bust though.

[zoog]

Re: JPMorgan Sees V-Shaped Recovery on Robust Growth

It's Friday. Anybody want to wager on how many banks get closed by the FDIC later today?

There were three last Friday...

[D-Mack]

Re: JPMorgan Sees V-Shaped Recovery on Robust Growth

hahah, yea he is a nut, half the fun of American radio is listening to guys like this rage. (That clip makes for an amazing ringtone BTW.) Most don't take them seriously.

You should listen to Love Line when you get the chance though, that show is awesome, they have their shows available on line now too.


Its been like that for years. Prior to the .com bust/housing bubble they didn't exist, or at least they were unusual. Around 2003/04 is when you really started to see them come out in a big way. They have gotten lots more agressive with their ads since the bust though.

I used to listen to it when Adam Carolla was on, but you leave with the impression that half of America was molested and is on prozac (+ can't hear low battery smoke detector chirps)

Adam had Taibbi recently on his podcast show,it's somewhere in the second half of the podcast
http://podcast.931jackfm.com/kcbs2/1893589.mp3



XM has Alex Jones now I believe, he sure has come a long way, I remember old clips even before youtube was around, where it seemed he was broadcasting from home
http://www.digitalradiocentral.com/s...ones-show.html

[ax]

Re: JPMorgan Sees V-Shaped Recovery on Robust Growth

There were three last Friday...

well, we know it's at least 1.

[ax]

Re: JPMorgan Sees V-Shaped Recovery on Robust Growth

Pa.-based Dwelling House Savings and Loan closes

That's 2.

[cjppjc]

Re: JPMorgan Sees V-Shaped Recovery on Robust Growth

Is Georgia still up and running? If it is, then I'll add theirs to my state of Florida and put the over/under at 4, same number for my hometown Browns unfortunately.

I'll take the over 4 on the Browns. You know you're sandbagging that number.

[GRG55]

Re: JPMorgan Sees V-Shaped Recovery on Robust Growth

well, we know it's at least 1.

Looks like 5 in total today...but the day isn't quite over yet :eek: :

First came Number 73 [post by ax earlier on this thread]. Here's the FDIC press release:

PNC Bank, National Association, Pittsburgh, Pennsylvania, Assumes All of the Deposits of Dwelling House Savings and Loan Association, Pittsburgh, Pennsylvania

Followed by Number 74...the Big Kahuna...Colonial [separate thread started by ricket here]

BB&T, Winston-Salem, North Carolina, Assumes All of the Deposits of Colonial Bank, Montgomery, Alabama

And as the day draws to a close there's three more [again links are to the FDIC press releases]:

MidFirst Bank, Oklahoma City, Oklahoma, Assumes All of the Deposits of Union Bank, National Association, Gilbert, Arizona

MidFirst Bank, Oklahoma City, Oklahoma, Assumes All of the Deposits of Community Bank of Arizona, Phoenix, Arizona


FDIC Creates a Deposit Insurance National Bank to Facilitate the Resolution of Community Bank of Nevada, Las Vegas, Nevada

Seems JPM has overlooked that consumers prior "pent up demand", satisfied with credit, credit and more credit, is now coming back to smack the banks...:rolleyes:

[LargoWinch]

Re: JPMorgan Sees V-Shaped Recovery on Robust Growth

V-Shaped here we come!

[tsetsefly]

Re: JPMorgan Sees V-Shaped Recovery on Robust Growth

I used to listen to it when Adam Carolla was on, but you leave with the impression that half of America was molested and is on prozac (+ can't hear low battery smoke detector chirps)

Adam had Taibbi recently on his podcast show,it's somewhere in the second half of the podcast
http://podcast.931jackfm.com/kcbs2/1893589.mp3



XM has Alex Jones now I believe, he sure has come a long way, I remember old clips even before youtube was around, where it seemed he was broadcasting from home
http://www.digitalradiocentral.com/s...ones-show.html

Carolla was great on loveline, after he left it wasn't. Howard Stern and Carolla are/where the two shows I would listen to... I still listen to Stern, he is great, imo.

[charliebrown]

Re: JPMorgan Sees V-Shaped Recovery on Robust Growth

great chart. interesting how foreclosures are heading up, and reo's are down. does this mean that the banks are dumping their properties?

[Quincy K]

Re: JPMorgan Sees V-Shaped Recovery on Robust Growth

great chart. interesting how foreclosures are heading up, and reo's are down. does this mean that the banks are dumping their properties?

Just pay attention to the delinquency rate. That pretty much tells you what is happening. All the other facts can be skewed by the banks(electing not to foreclose or list REO's).

Many are predicitng 50 percent of all US mortgages will have negative equity by 2012.

It's only a matter of time before the FED offers full-recourse, 30-year loans at 2 percent for all RRE.

I am suprised they haven't done this yet. After all, defecits don't matter.

[ax]

Re: JPMorgan Sees V-Shaped Recovery on Robust Growth

I'll take the over 4 on the Browns. You know you're sandbagging that number.

Well, it was 5 banks, I'll give you 5 on the Browns too, unless Quinn starts, in which case I'll still give you 4