Tuesday, November 17, 2009
JP MORGAN (JPM) Update
This latest leg of the bull run has since the absence of the financial sector. If, the Dow is to rally to 12,000 it needs the financials to participate and the 'Best of Breed' in the banking sector for me is JP Morgan Chase (JPM). That said, as Meredith Whitney noted yesterday, she is more bearish on financials than ever before...yet to counter that John Paulson is loading up on Citibank? You decide who is correct! Here's a recent post I made ~link~
Watch the 100-ema/ retracement level $41!!!