JP Morgan&Chase Loses 2 Billion Dollars

[yubba]

maybe more http://finance.yahoo.com/news/jpmorg...214541944.html here we go again, so how long will it take too get bailed out, I wonder, what will the people say. Same ole policies, Bushes fault, that's what Obama will say, after he gets done patting himself on the back after come-ing out of the closet. I bet we'll hear, under the advice of my attroney I invoke my 5th amendment rights, what will the crooks ever do if we give up the consitution.

[Sailor Steve]

And you're not saying the same old Right-Wing things? What makes what you say any different than what Obama does, except for the side? You're just like him.

[yubba]

Originally Posted by Sailor Steve

And you're not saying the same old Right-Wing things? What makes what you say any different than what Obama does, except for the side? You're just like him.

Man that really hurts, what you couldn't tell that I was being sarcastic ??????? oh my god, I looked in the mirror and my ears have grown, and I'm starting to krave dog in lobster sauce, and long airplane rides.

[geetrue]

This is bad news for the stock market ... the stock market that I do not understand.

For example why should the stock market go down because the EU is gone from a $1.35 down to a $1.25 ... looks like the stock market should go up if the USA can pruchase items from Europe cheaper, but instead it goes down with just a little bad news about Greece having cares and woes with bank loans.

In that small amount of time everyone's 401k goes down which by the way just made a come back from the 2008 banking scares.

Where does the money go anyway? The money that they get from selling on fear stories?

Where does it rest while not in stocks? Gold, silver, oil or is just numbers in a bank transfer account to collect at least some interest?

[mookiemookie]

Originally Posted by geetrue

Where does the money go anyway? The money that they get from selling on fear stories?

Where does it rest while not in stocks? Gold, silver, oil or is just numbers in a bank transfer account to collect at least some interest?

While it's true that every stock trade has a buyer and a seller, the stock market is not necessarily a zero sum game. Some sellers may move the sale proceeds to cash. Others may move it into bonds. Others may move it to foreign stocks. Others may move it from one stock to another. The total amount invested in the stock market can and does change day to day.

When they say "the stock market was down" on the nightly news, they're usually referring to the Dow Jones Industrial Average, or "The Dow" which is made up of 30 stocks that are supposed to be representative of American industry as a whole. It's really a kind of antiquated system and I don't see it as really that great of a barometer of the country's health as a whole.

[Skybird]

Originally Posted by geetrue

This is bad news for the stock market ... the stock market that I do not understand.

For example why should the stock market go down because the EU is gone from a $1.35 down to a $1.25 ... looks like the stock market should go up if the USA can pruchase items from Europe cheaper, but instead it goes down with just a little bad news about Greece having cares and woes with bank loans.

In that small amount of time everyone's 401k goes down which by the way just made a come back from the 2008 banking scares.

Where does the money go anyway? The money that they get from selling on fear stories?

Where does it rest while not in stocks? Gold, silver, oil or is just numbers in a bank transfer account to collect at least some interest?

The majority of values traded at the stockmarket, are no real values, but debts - negative real values. The disparity between abstract value and real value increases in total with every deal made that gains a profit in abstract value for somebody.

Once you have digested that, you see a bit clearer.

Needless to say that growing disparity of this kind is a growing problem, inflation just being the most prominent and obvious part of it . When this problem has won critical mass, then say good night.

[STEED]

What's $2 Billion to Jamie Diamond?

He is a crook!