April 16, 2009
– Comments (3)
It's looking like one of those days that despite lots of rosy, wonderful headlines we will be heading lower. Perhaps this finally marks the end of the bear rally?
I don't even know what you mean at all. JPM seems to be the only "good" news besides unemployment numbers, which are still horrible. Otherwise, it's really bad news today and actually surprising the market's held up as well as it has, considering a company with 27b in debt filed Chapter 11 and housing starts are down 10% and foreclosures are starting again.
Or perhaps you were just being facetious.
When I looked at CNNMoney right before the market open, here were the headlines - JPMorgan was in big, bold letters at the top and Initial jobless claims was one of the next ones.
JPMorgan Chase earns $2.1 billion