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| 02:46 AM | ||
| Users Online Now: 1,603 (Who's On?) | Visitors Today: 156,346 | |
| Pageviews Today: 271,965 | Threads Today: 125 | Posts Today: 1,931 |
| 02:46 AM | ||
RED ALERT! Breaking news > JP MORGAN to post 5 billion LOSS next FRIDAY? | |
| Anonymous Coward User ID: 13700709  Argentina07/10/2012 09:26 PM Report Abusive Post Report Copyright Violation | JPMorgan reports earnings on Friday, and all attention will be paid to what, if any, new details there are from the London Whale losses reporter in the quarter. Monica Langley and Dan Fitzpatrick at WSJ have what sound like the definitive details. Losses will be about $5 billion. Up to another $1 billion in losses is possible. The bank will attempt to claw back some money from the executives who left in the wake of the trading blunder. Among them: Former CIO chief Ina Drew, and the London Whale himself Bruno Iksil. 80%-90% of the botched bet has been totally unwound. Read more: [link to www.businessinsider.com] MY COMMENTS: euro carshed a bit this week. Precious metals in line exactly as we predicted recently: Thread: Euro crash keeping precious metals in line. EURO CARSH NEXT WEEK? Doom is on. Only the FED can stop this tomorrow with "good news". What is going to happen? This is your host, Strongman Shelford And this, IS GODLIKEPRODUCTIONS.COM  Start the discussion |
Phennommennonn Senior Forum Moderator  07/10/2012 09:29 PM  Report Abusive Post Report Copyright Violation |  ~~~~~~~~~~~~~~~~~~~~~~~~~~~~ The Queen Of Mean / VENOMmennonn ~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Every closed eye is not sleeping, and every open eye is not seeing ~~~~~~~~~~~~~~~~~~~~~~~~~~~~ The universe responds NOT to what you want.....it responds to what you are being.......are you being what you want? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Visit The Official GLP Store [link to www.cafepress.com] ~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Subscribe to TheRawFeedLive On YouTube [link to youtube.com] ~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Become a member & subscribe to the GLPVC Podcast [link to members.therawfeedlive.com]  |
| Anonymous Coward User ID: 19521472 07/10/2012 09:34 PM Report Abusive Post Report Copyright Violation | The amounts of money don't matter to me as much as the fact that this is evidence of a completely corrupt and broken system of governance in every respect. Funny to listen to everyone argue over things like Obama and health care when the fundamental ideas of money are really the issue. The american caste system represented by the pyramid must end. |
| Anonymous Coward User ID: 18096709  United States07/10/2012 09:34 PM Report Abusive Post Report Copyright Violation | JPMorgan reports earnings on Friday, and all attention will be paid to what, if any, new details there are from the London Whale losses reporter in the quarter. Quoting: Strongman Shelford Monica Langley and Dan Fitzpatrick at WSJ have what sound like the definitive details. Losses will be about $5 billion. Up to another $1 billion in losses is possible. The bank will attempt to claw back some money from the executives who left in the wake of the trading blunder. Among them: Former CIO chief Ina Drew, and the London Whale himself Bruno Iksil. 80%-90% of the botched bet has been totally unwound. Read more: [link to www.businessinsider.com] MY COMMENTS: euro carshed a bit this week. Precious metals in line exactly as we predicted recently: Thread: Euro crash keeping precious metals in line. EURO CARSH NEXT WEEK? Doom is on. Only the FED can stop this tomorrow with "good news". What is going to happen? This is your host, Strongman Shelford And this, IS GODLIKEPRODUCTIONS.COM Start the discussion Only the FED can stop this tomorrow with "good news". The so called good news turns to lies more and more as their involvement in outright financial fraud grow ever larger. The whole worlds financial market is an illusion and people are starting to look behind the curtain. Instead of levers and switches it's computer keystrokes. Fraud is Fraud ! |
| Anonymous Coward User ID: 19521365 United States07/10/2012 09:35 PM Report Abusive Post Report Copyright Violation | Jp Morgan executives need punished. They should be put up to a blackboard and not allowed to rest eat or go to the bathroom untill they have written 5 billion times... I WILL NOT LOSE MONEY AGAIN. That should solve the problem.  |
| eagleman I LOVE NEWS User ID: 19516574 United States07/10/2012 09:44 PM  Report Abusive Post Report Copyright Violation | I read that news a few minutes ago thanks for the posts Strong! Risk assets still trading up tonight regardless of this news. Watch China GDP numbers Late Thursday night. If worse than expected watch out below. Also JPM comes out with earnings Friday morning before market opens. Watch they release better than expected earnings & stock actually rallies strongly! Last Edited by eagleman on 07/10/2012 09:57 PM |
| Anonymous Coward (OP) User ID: 13700709 Argentina07/10/2012 09:48 PM Report Abusive Post Report Copyright Violation | Many were stunned when Ina Drew left JPM with millions in bonuses a few short days after Jamie Dimon told Senate and Congress those responsible for the multi-billions CIO loss would see compensation clawbacks. They can be unstunned now, following a report from the WSJ that in a few days JPM will announces millions in clawbacks from disgraced CIO executives. As for the final loss on the CIO? Recall what Zero Hedge calculated (not speculated, not surmised, not made up) in the hours literally after the JPM announcement of a $2 billion loss? We said: "Is JPM Staring At Another $3 Billion Loss?" and elaborated that "this is where we find ourselves now - the net notionals remain huge (and implicitly on JPM's shoulders), his lack of selling has left the credit index maybe 20bps rich to where it might trade given its rough correlation with the S&P 500 and this would imply at least $3bn of losses already in addition at fair-value." We were again spot on: from the WSJ: "J.P. Morgan is expected to announce Friday that the trading blunders will cost the company just over $5 billion in the second quarter, in which the bank is expected to show a profit, according to people familiar with the situation." Math: it's fundamental (Ph.D. economists - take note). more: [link to www.zerohedge.com] I am suggesting a pin for discussion and potential impact on the markets |
| Saddletramp User ID: 77251 United States07/10/2012 10:23 PM  Report Abusive Post Report Copyright Violation | Many were stunned when Ina Drew left JPM with millions in bonuses a few short days after Jamie Dimon told Senate and Congress those responsible for the multi-billions CIO loss would see compensation clawbacks. They can be unstunned now, following a report from the WSJ that in a few days JPM will announces millions in clawbacks from disgraced CIO executives. As for the final loss on the CIO? Recall what Zero Hedge calculated (not speculated, not surmised, not made up) in the hours literally after the JPM announcement of a $2 billion loss? We said: "Is JPM Staring At Another $3 Billion Loss?" and elaborated that "this is where we find ourselves now - the net notionals remain huge (and implicitly on JPM's shoulders), his lack of selling has left the credit index maybe 20bps rich to where it might trade given its rough correlation with the S&P 500 and this would imply at least $3bn of losses already in addition at fair-value." We were again spot on: from the WSJ: "J.P. Morgan is expected to announce Friday that the trading blunders will cost the company just over $5 billion in the second quarter, in which the bank is expected to show a profit, according to people familiar with the situation." Math: it's fundamental (Ph.D. economists - take note). more: [link to www.zerohedge.com] I am suggesting a pin for discussion and potential impact on the markets Make's me wonder how much of the loss they are actually hiding in their balance sheet???  Just because you're paranoid don't mean they ain't out to get ya! Paranoid?!?!? I wish! Shit son, we're hell and gone from paranoid... We don't rent pigs... Come and take it! |
| Anonymous Coward (OP) User ID: 13700709 Argentina07/10/2012 10:32 PM Report Abusive Post Report Copyright Violation | Many were stunned when Ina Drew left JPM with millions in bonuses a few short days after Jamie Dimon told Senate and Congress those responsible for the multi-billions CIO loss would see compensation clawbacks. They can be unstunned now, following a report from the WSJ that in a few days JPM will announces millions in clawbacks from disgraced CIO executives. As for the final loss on the CIO? Recall what Zero Hedge calculated (not speculated, not surmised, not made up) in the hours literally after the JPM announcement of a $2 billion loss? We said: "Is JPM Staring At Another $3 Billion Loss?" and elaborated that "this is where we find ourselves now - the net notionals remain huge (and implicitly on JPM's shoulders), his lack of selling has left the credit index maybe 20bps rich to where it might trade given its rough correlation with the S&P 500 and this would imply at least $3bn of losses already in addition at fair-value." We were again spot on: from the WSJ: "J.P. Morgan is expected to announce Friday that the trading blunders will cost the company just over $5 billion in the second quarter, in which the bank is expected to show a profit, according to people familiar with the situation." Math: it's fundamental (Ph.D. economists - take note). more: [link to www.zerohedge.com] I am suggesting a pin for discussion and potential impact on the markets Make's me wonder how much of the loss they are actually hiding in their balance sheet???  |
| Anonymous Coward (OP) User ID: 13700709 Argentina07/10/2012 10:32 PM Report Abusive Post Report Copyright Violation | |
| WISC User ID: 1234074 United States07/10/2012 10:43 PM Report Abusive Post Report Copyright Violation | |
| Force King User ID: 15184216 United States07/10/2012 10:51 PM  Report Abusive Post Report Copyright Violation | |
| Anonymous Coward (OP) User ID: 13700709 Argentina07/10/2012 10:58 PM Report Abusive Post Report Copyright Violation | |
