[arete]

Where is the honor? Where is the integrity?

Richard W.

[arete]

FYI

Comments and opinions welcome

Probably more than you wanted to know about JPM, right bert.

Richard W.

[RKM]

I'm sure this article comes close to advertising, but I for one would like to see more of this type of analysis posted.

[Dialup Llama]

Sort of like when Dave Morgan and Jim Puplava note that most gold futures contracts are not backed by physical gold, then they take that ordinary fact as some danger signal. Yes eventually they do explain it the right way, yet they keep beating that dead horse over and over.

Obviously this guy has a short position. The question is- Is JPMs derivatives position large or unusual compared to other institutions of its size and are its positions vulnerable to certain prices level either in gold, interest rates, stocks or currencies?

This report did not seriously address this question other than to say they have alot of derivatives.

[isthisnickcool]

Can anyone explain was a derivative is in two sentences?

Chase is one of the banks I use. When I went to their bank Friday they had 5 people greeting folks at the door. This has never happened in 10 years. If they don't have problems they sure seemed concerned.

I hope these banks are OK. But I expect my bankers to be stern, conservative and careful. So, I moved anything that I could that was short term and uninsured out. So were other people. I could hear them doing it.

[supercat]

One question the article does not answer is the extent to which JPM's derivatives exposure is "balanced". If one customer buys a put option on 1,000 shares of a stock and another buys a call option on that same stock, both contribute to the total value of derivatives holdings and yet there is no way JPM will have to pay out on both (unless the strike prices overlap, in which case it will have to pay out to the extent of overlap).

[Aaron_A]

bump for later reading