This morning, all of the major stock indexes around the world are trading lower. The catalyst for the decline comes as JP Morgan Chase & Co (NYSE:JPM) reports a $ 2 billion trading loss caused by the a trader known as the “London Whale.” Traders are now wondering if other firms have similar trading losses out there. Just last week, Prudential Financial Inc (NYSE:PRU) plummeted after reporting earnings. The company sited a large derivative trading loss as the reason for the poor earnings results. This news from JPM is now the second report by a major firm that has admittedly taken a large loss from derivative trading. JPM has been one of the most outspoken firms against the controversial Volker Rule which would eliminate banks from proprietary trading. Other leading financial equities such as Goldman Sachs Group Inc (NYSE:GS), Morgan Stanley (NYSE:MS), ProShares UltraShort Financials (ETF) (NYSEARCA:SKF) and BlackRock, Inc (NYSE:BLK) are all likely to be very volatile today.
www.StockMarketFunding.com Financial Crisis 2012 Worse than 2008, European Banking System on the Verge of Collapse. The scenario will likely fully play out in 2013 and we will see what central banks world wide to do postpone the selling and get the cash off the side lines to pump markets….
Latest financial market news: • FTSE 100 up on decent Asian showing overnight • More M&A excitement with Avis takeover • Glencore and Tesco release results • UK inflation (CPI/RPI) numbers in line with expectations • Investors looking to plentiful US economic indicators data this afternoon, including US retail sales
My financial website is; www.ezfinancialtutorials.com A stock market investor’s guide for beginners. Dogs of the Dow, Dead Cat Bounce, Numbers vs percentage “Dead cat bounce” “Dogs of Dow” “Dogs of the Dow” How to invest in stocks. “How to invest in stocks”
Alex Jones insight on who’s behind the financial disorder. When the press was saying there was no recession months ago, he had guest on the show who spoke otherwise. This is a very truthful sobering audio clip. Financial Bailout Balloons to the 7.5 Trillions abcnews.go.com fdic’s list of ‘problem’ banks swells to 171 news.yahoo.com Paulson Was Behind Bailout Martial Law Threat www.eyeblast.tv Holiday sales could put US companies into bankruptcy www.google.com This Is Not A Normal Recession www.informationclearinghouse.info Chicago Purchasers Index Falls to Lowest Level Since 1982 www.bloomberg.com Bob Chapman, The International Forecaster news.goldseek.com Meltdown to hit agriculture, food shortage looms www.tradearabia.com Peter Schiff:100% True Market Predcition in 2006 — fauxnews “Experts” Laughed scienceblogs.com Russian analyst predicts decline and breakup of US en.rian.ru
Most likely the trust in a market recovery is going to disappear. The Obama administration has failed to deliver on its promises and markets have been under extreme stress. It is time to prepare for times in which banks become disfunctional
