JPM unknown

JP Morgan in trouble?

  1. 318 Posts.
    Out of the mail box;

    Dear Subscriber,

    Just after the market closed today, two new shocking reports came out -- JP Morgan bank announced it's getting hit with a huge $1.4 billion in loan losses. And Oracle slashed its earnings forecasts by 33%.

    Already, as I write this, the Dow is down another
    65 points in after hours trading. That makes today's
    decline in the Dow a total of nearly 237 points.
    When foreign investors wake up in Tokyo, Hong Kong,
    Paris, Frankfurt and London and get a hold of
    this news, they're going to run for cover and dump
    stocks like there's no tomorrow.

    I expect the Dow will get hit for another 100
    points or so overnight. By the time we wake up
    tomorrow morning here in the US, who knows, the Dow
    could be down another 100, 150, perhaps even 200
    points or more -- before it even opens for trading in
    New York.
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