Stay Out of the Way
Prepare and prevent, don't repair and repent. --Unknown
A $2 billion trading loss by JPMorgan (JPM) is providing plenty of drama this morning, but there isn't any major panic and overall the action isn't that bad. I see only moderate losses on the screens, and the action is steadily improving in the early going. The market was already in a vulnerable position with negative news flow and deteriorating technicals, and this sort of news will keep market players on the sidelines, but it helps bring about a washout that moves the market to a tradable low faster....551 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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