Friday, May 11, 2012

JPMorgan $2 bln trading loss spooks bank stocks | Reuters

Here we go again! What did the trader expect? If you amass a large position, hedge funds are likely to bet against it, and they will have a field day! That is what they are in business for -- taking contrarian positions. Another slip-up by a big bank that investors have to absorb!

JPMorgan $2 bln trading loss spooks bank stocks | Reuters

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