Reggie Middleton on JP Morgan's Q309 results

Reggie Middleton's picture

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Mountaineer's picture

The collapsing VaR on their equity trading is interesting...

DaddyWarbucks's picture

"The credit deterioration impact on JP Morgan, however, has been moderated by the gains from trading revenues which provided more than adequate cushion to absorb the high credit losses from the traditional banking operations."

Wait a minute. Did I just hear what I think I heard? In my simple mind that explains some of this insane market activity.

Anonymous's picture

hey reggie

when is this market going to collapse????

Anonymous's picture

Yup, at best from this analysis one should note most critical aspects are no better than 1Q 2009; great work. But I am afraid the debate on FASB 166 and 167 would once again show the spineless nature of the O team and the collusion of the congress, both of whom would work to let the banks have their way. An the piece on BoA aka AIG-2 (maybe AIG-squared) was great work too!

Bit Bucket's picture

Reggie

Thanks so much for the BAC article. I read it yesterday afternoon and dumped by BAC and bought 100 OCT 18 puts.

You rule! Thanks for publishing your research.

John

Reggie Middleton's picture

You're welcome!

Please keep in mind that I do not offer investment or trading advice of any type. I am simply sharing public portions of my research and opinion. I hate to be such a formal ass, but I don't want anyone to get the wrong impression.

Bit Bucket's picture

Reggie

Understood, but there is not a court in the land that would confuse me with an uninformed investor. And, if I had to guess, there are few uninformed investors frequenting this site. They sorta stick out like sore thumbs.

Again thanks and keep up the good work.

John

 

 

DaddyWarbucks's picture

Thanks for all your work. We're grown ups here, we want the truth even if it's complicated and unpleasant.

deadhead's picture

thanks Reggie.  I'm looking forward to your take on wfc. 

watch the FASB 166, 167 playout...it's heating up big time.