The Plunge Protection Team

[Aussiejeff]

They say some banks etc are to big to fail, IMO JP is too big and too intertwined to even look like it might come close to failing. Havn't seen them cutting too many jobs either...

FAILURE in the Modern World is such a dirty, dirty word, Brother Prawn.

Especially FAILURE of the much-vaunted Capitalist System.

Remember, modern-day GuvMint$ can never admit to a [size=+1]FAILURE[/size]. Of course, the stoopid idiot peasants just vote/boot them out for no good reason whatsoever - but hey, they NEVER fail.

US Big banks are just Pseudo US GuvMint departments anyway. They are so inter-meshed (never-ending secret meetings & deals with officials) it just isn't funny - or maybe it IS laughable.

Of course, NO US GuvMint officials would have significant share holdings (and thus conflicts of interest) in any of the big banks, would they? Oh, no.

It's all good, Brother.

Limitless funds by the MenInBlack will save the day, hey?

 

[sinner]

In terms of JP Morgan and Chase, this is worth a read:

http://www.gata.org/node/6873

 

[Sean K]

Limitless funds by the MenInBlack will save the day, hey?

Interesting point AJ.

Keep backing your logic, or what the 'powers at be' create?

The logicsticians said the last bull run was doomed more than 2 years ago, but they missed a lot of gains. Lots!

There seems to be no logic in trading except accepting there is no logic.

There is no spoon!

This normal event will result in changing a few funnymental investors into tech traders until their emotion has the better of them...once again...