Tuesday, November 18, 2008

JP Morgan




Crazy about Mark Cuban, how embarrassing for the SEC. Who's taking bets on how soon that dumb ass lawyer at the SEC gets fired?

BD - Isn't moral hazard grounds for dismissal?

JP Morgan could be a great short candidate. I think they are going to have a huge earnings loss in the 4th quarter as they expend cash to consolidate WAMU and see a huge fall off in investment banking income/transactional fee related income. Their stock is still trading relatively high.

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