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JP Moron - How to lose 2 billion bucks on a single trade
Comments
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Bobby D resigned. Did not expect
http://uk.finance.yahoo.com/news/barclays-chief-executive-bob-diamond-064614482.html0 -
worldtraveller wrote: »How to lose 2 billion bucks on a single trade........
........The New York Times reckon it could reach $9 billion!
Hey! What's the odd few billion bucks nowadays anyway? :rotfl:
Well, it appears to be US$4.4 billion pretax loss from CIO trading losses.
JPMorgan Chase
As I said, what's a few billion here or there.
There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...0 -
P.s. for anyone wondering what a "secular bull market" looks like, it involves the price going down and staying down.0
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