JP Morgan $70.1 Trillion Dollars
CitiGroup $52.1 Trillion Dollars
Bank Of America $50.1 Trillion Dollars
Goldman Sachs $44.2 Trillion Dollars
Total of the 9 largest us banks have over 200 Trillion worth of Derivative exposure.
This the 3 times the size of the Global Economy.
The National Debt in America is only $15.1 Trillion Dollars
The American Taxpayer is exposed to $292 Trillion Dollars in the Derivative Market
It took over a hundred years to accumulate a Trillion Dollars in debt and in the past 3 1/2 years the government has added $5 Trillion in Debt.
A one percent rise in the interest rate will add $140 Billion in interest to the national debt.
There will still be bounces along the way down. I still think we’ll bounce once the FP on the dollar is hit. Right now though, we still don’t have any really heavy volume “capitulation” day… so I don’t think the low is in yet.
Agree,I know tomorrow we have Facebook IPO but I’m not sure that it’s will push the market up.Remember i told you the JPM loss of $2B was just the begining and today we have this news
”SYDNEY (MarketWatch) — Trading losses at J.P. Morgan & Chase Co. /quotes/zigman/272085/quotes/nls/jpm JPM -2.74% have surpassed the bank’s initial $2 billion estimate by at least $1 billion, according to report on the New York Times website Wednesday, citing people familiar with the matter. Last week, the bank’s Chief Executive Jamie Dimon revealed a surprise $2 billion trading loss. The New York Times report said losses have surged in recent days, as hedge funds and other investors capitalize on J.P. Morgan’s distress, fueling faster deterioration in the underlying credit-market positions held by the bank”
I think the JPM stories is still far from finish…actualy JPM can be the Black Swan event …on the same page as Grece.We will see.I think we have a new paradigm here and the bankster have executed a reversal for the market.The market will go down alot longer that everyone actualy think exactly because everyone are sure we will have a QE3.They will bring the market down and everyone will buy on the downside because they think the FED will annouce QE3 and they will do alot of money with that strategy.Since the low of 2009 they pushed the market and squized the SHORTER for over 3 years and now they will do the samething with the LONG because they have put in the mind of the majority that they will never let the market go down and do a QE.They will do the QE3 but before they will use the implemented mindset to do alot of money on the way down.
Latest update from Lindsey Williams…
Lindsey Williams Urgent Update: Derivatives Market Collapsing & JP Morgan 1/2
http://www.youtube.com/watch?v=M3WEDsqUo7o
Lindsey Williams Urgent Update: Derivatives Market Collapsing & JP Morgan 2/2
http://www.youtube.com/watch?v=fJxRn1rmwUc#!
Derivative Exposure:
JP Morgan $70.1 Trillion Dollars
CitiGroup $52.1 Trillion Dollars
Bank Of America $50.1 Trillion Dollars
Goldman Sachs $44.2 Trillion Dollars
Total of the 9 largest us banks have over 200 Trillion worth of Derivative exposure.
This the 3 times the size of the Global Economy.
The National Debt in America is only $15.1 Trillion Dollars
The American Taxpayer is exposed to $292 Trillion Dollars in the Derivative Market
It took over a hundred years to accumulate a Trillion Dollars in debt and in the past 3 1/2 years the government has added $5 Trillion in Debt.
A one percent rise in the interest rate will add $140 Billion in interest to the national debt.
JP Morgan has over 200 executives pack up and leave.
http://beforeitsnews.com/story/2147/428/200_Executives_Flee_JP_Morgan_5-16-12_Video.html
Transports down 2.45% and well below their lower BB. SPX on its way there too????
There will still be bounces along the way down. I still think we’ll bounce once the FP on the dollar is hit. Right now though, we still don’t have any really heavy volume “capitulation” day… so I don’t think the low is in yet.
Agree,I know tomorrow we have Facebook IPO but I’m not sure that it’s will push the market up.Remember i told you the JPM loss of $2B was just the begining and today we have this news
”SYDNEY (MarketWatch) — Trading losses at J.P. Morgan & Chase Co. /quotes/zigman/272085/quotes/nls/jpm JPM -2.74% have surpassed the bank’s initial $2 billion estimate by at least $1 billion, according to report on the New York Times website Wednesday, citing people familiar with the matter. Last week, the bank’s Chief Executive Jamie Dimon revealed a surprise $2 billion trading loss. The New York Times report said losses have surged in recent days, as hedge funds and other investors capitalize on J.P. Morgan’s distress, fueling faster deterioration in the underlying credit-market positions held by the bank”
I think the JPM stories is still far from finish…actualy JPM can be the Black Swan event …on the same page as Grece.We will see.I think we have a new paradigm here and the bankster have executed a reversal for the market.The market will go down alot longer that everyone actualy think exactly because everyone are sure we will have a QE3.They will bring the market down and everyone will buy on the downside because they think the FED will annouce QE3 and they will do alot of money with that strategy.Since the low of 2009 they pushed the market and squized the SHORTER for over 3 years and now they will do the samething with the LONG because they have put in the mind of the majority that they will never let the market go down and do a QE.They will do the QE3 but before they will use the implemented mindset to do alot of money on the way down.
I haven’t checked on them yet. But they only closed down middling, mostly 1% down with the exception of Greece with its usual 3.4% decline.
I thought they were closed at 11:30 am EST? What are you referring too, as it’s almost 2 pm now.
Let’s see how the European markets finished!!!!
I was worried that they were going to waste all of this negative breadth.
“Get a cannon ready..” (Hunger Games reference)
We still haven’t had any “panic selling”, so I’m inclined to believe that we will continue down tomorrow.
Hello everyone!What do you think the market will do tomorrow?