JPM ended up 11%!
Now only 3.5% of their 52week high.
Even if they have the most sound banking model in the US, that kind of robustness is unbelievable.
Companies with low gearing, strong earnings, stable managment have been thrown into the fire on sentiment during the cc and heres a bank at the epicentre of it all and theyre about to make a rolling year record!
WuMu & Bear Sterns (with the feds money!) for an absolute song, their competition brough to their knees and the cherry on top is any of their junk mortgages or WuMu's/BS will be handballed to the fed so the balance sheet looks the goods.
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