JP Morgan, The Next Recession and The Wave of New Jobs
I did an interview with FOX Business on Friday where I offered my comments on the overblown mess at JP Morgan, which is the story of the day/week. I also opined that the next recession in the US will likely be seen in 2013 or 2014. I was somewhat surpised that the anchor thought that was so outrageous. Except for the 1990s, we typically see one or two recessions per decade with one being more severe than the other when […]
Read More
Date: May 15, 2012
Is JP Morgan as Dumb as the Rest?
As you will read below, I don’t think this is the beginning of another leg in the financial crisis, nor do I think we will see more of this from JPM or other banks. When you trade and invest, you don’t always win and sometimes the losses can be large, especially if people make some pretty stupid decisions en masse. This is Jamie Dimon’s first real black eye since taking the helm at JPM years ago. My takeaways are that Jamie […]
Read More
Date: May 14, 2012
FOX Business
I am going to be on FOX Business this Friday, May 11, at 1:20pm discussing some short-term paths for the stock market as well as some interesting long-term scenarios.
Read More
Date: May 10, 2012
Local Bank News in Connecticut
Long time readers know how critical I was of how the whole New Alliance Bank merger with First Niagra went. While it was a good deal at the time for shareholders, their CEO and the bank said one thing over and over, yet their actions did the opposite. http://www.ctpost.com/news/article/Former-NewAlliance-CEO-taking-over-at-BNC-3492708.php New Canaan-based BNC Financial Inc., a $500 million institution, has hired Peyton R. Patterson, former NewAlliance chief executive officer, to lead an expansion that one day could include a public offering. BNC […]
Read More
Date: April 30, 2012
The Bubble in Apple
It’s amazing that every time I take the unpopular view on the market, a sector, a general security or a stock, people come out of the woodwork to so easily dismiss the majority view as implausible or crazy, which is fine. Everyone is entitled to their own opinion and I have always believed that respectful and constructive disagreement is healthy communication. The “problem” is that it usually and eventually leads to personal attacks or worse from anonymous cowards sitting behind […]
Read More
Date: April 24, 2012
