This is a syndicated repost courtesy of Money Morning. To view original, click here. Reposted with permission. Social media stock scams – the use of tools like Twitter to spread misinformation to manipulate equities – is one more thing for retail investors to worry about. A series of incidents over the past several months have…
C-SPANSenate Examines JP Morgan Chase Loss & Financial Regulation OversightC-SPANThe session also will spotlight JP Morgan Chase's $2 billion trading loss, which is under investigated by the FBI and the SEC. Witnesses will include leading feder…
This Plagued Financial Stock May Tank 30% By 2013Seeking AlphaAfter announcing a $2 billion loss due to a derivatives bet gone awry, JP Morgan (JPM) is now facing an FBI investigation on whether its officers engaged in any criminal activity related to …
There’s going to be a lot of very heavy betting over the next few days, weeks, and months on what’s going up, what’s going down, and what’s going around:
- How far will Facebook IPO price go?
- How far DOWN from here will JPMorgan go, with the FBI and DOJ now sniffing around?
- How far AROUND the globe will the fallout be if Greece loses its game of chicken?
If you don’t have the stomach for what’s going to feel like an out-of-control rollercoaster ride, sideline yourself.
If, on the other hand, you like a lot of action, welcome to Mayhem – the preamble month to what will likely be the Summer of Some Discontent.
That is, unless you like rapid-fire trading.
Which, by the way, is not just fun, but can be very, very profitable. I’m in, and so are the subscribers to my Capital Wave Forecast. We’re gearing up for some heavy betting in the weeks and months ahead.
So, what’s front and center today? You know. The big three headlines: Facebook, JPMorgan Chase, and Greece. Are you sick of hearing about them? I’m not. I like trading the headlines.
Here’s my “heads-up” on the big three headlines.
AFPFBI confirms JPMorgan Chase probeAFPWASHINGTON — FBI chief Robert Mueller confirmed Wednesday that his agency had opened a "preliminary" probe into JPMorgan Chase's multibillion-dollar trading loss. "All I can say is that we hav…
(via AFP) Under-fire JPMorgan Chase chief executive Jamie Dimon narrowly defeated a shareholder move to significantly curb his powers Tuesday, as his bank faced an FBI probe over a shock $2 billion loss. Days after revealing that a scheme to hedge risk had spectacularly backfired, costing billions, Dimon dodged…
The terror plot that has New York on heightened alert today was reportedly personally orchestrated by Osama bin Laden’s successor as part of an effort to avenge the terror lord’s death.
Ayman al-Zawahiri, bin Laden’s longtime deputy, personall…
Reminds me of the lady who won several times at the same convenience store down in Bishop Texas and then took off for Vegas. The FBI needs to find out out she beat the Texas lottery.
Just out of curiousity, can anyone tell me what the Department of Homeland Security actually does?
Has anyone seen DHS actually do anything other than spend random amounts of money on random things and periodically show up in the news?
The draconian budget cuts for U.S. cities are just beginning….
Budget pain hit home in Camden, N.J., on Tuesday, as nearly a sixth of city employees lost their jobs in one of America’s most dangerous cities, AP reports.
The layoffs are just the l…