A headline you don't want to see: JPMorgan stops stock buys, cites need for capital
 

http://www.sfgate.com/cgi-bin/articl...BUKA1OL87O.DTL

It is quite suspicious. They could buy back their own stock at below tangible book value.

The question remains... what else is lurking around the corner? That $2, 3 or 5 billion loss shouldn't sink them, so what are regulators worried about?

I sold my position in the VIX on friday (options position closed me out) and took a position with JPM and sold some $35 covered calls.

Lots of hyper over mark to market accounting if you ask me - we'll see but my money is where my mouth is.


Dave

I ask because I don't know...

Are you saying the market is hyper over mark to market or regulators are?

If the market, it'd make sense for JP Morgan to continue buying back shares, right?

If it's regulators forcing them to increase their capital reserves then it's a sign of potential future trouble?

Also, how old is your signature? :1orglaugh