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….
There are significant signals in the current market that a crash or meltdown scenario could unfold sometime in the next 1-2 weeks. Crashes are rare events and nearly impossible to predict, but many elements that could combine to produce a financial market calamity appear to be present at this time. This is the first part of an extensive report for BullBear Traders members. To get all the details, become a member of the BullBear Traders room at www.TheBullBear.com. It’s free to join and no credit card is required. ======================================================= BullBear Trading Keeping You on the Right Side of the Markets Financial Market Technical Analysis :: Elliott Wave :: Intermediate and Long Term Swing Trading Get the balanced, objective analysis you need to profit from timing moves in the stock market, gold, precious metals, commodities or forex! www.TheBullBear.com “Elliott Wave”, Fibonacci, trader, trading, stocks, “financial crisis”, crash, hyperinflation, depression, deflation, “stock market”, “technical analysis”, finance, financial, “market analysis”, “market timing”, “market commentary”
Stock Market and Economic forecast using common sense analysis and decision making techniques. Focus is on the US Dollar, Commodities (CRB Index), Bonds (10 Yr. Treasuries), and the Stock Market (DJIA 30). Gold, silver and oil are often discussed when relating to commodities. How to Turn 000 into Million or Collapse Trading Stocks! Stocks trading in this portfolio started out at k 1/28/10. Each week the worst stock is sold and a new stock is added. Stock performance will be compared to the buy and hold stock strategy at the end of 1 year. Stocks covered this week include: Tempur Pedic, Continental Resources, El Paso Pipeline, Endo Pharmaceuticals, and Speadtrum Communications. One stock will be sold and a new stock will be bought!
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THE ▀█▀ █▀ █_█ ▀█▀ █▬█ Я Ξ √ Ω LUT ↑ ☼ N There are fresh demonstrations in Madrid against severe budget cuts as the country tries to reduce its massive debt. Spain has been tipped as the next Eurozone economy at risk of needing a bailout, but some say it could be too big to save. RT talks to Jim Corr, a political activist and musician from the Irish band the Corrs. RT on Facebook: www.facebook.com RT on Twitter: twitter.com
European markets edge higher, but investors remain cautious ahead of an EU leaders meeting where the main discussion will be about sovereign debt worries.
