Submitted by Tyler Durden on 06/13/2012 11:02 -0400
Since the all-powerful JPMorgan CIO began talking at 10ET, markets have levitated. EURUSD and WTI stand out as the most impressive turnarounds but the Too-Big-To-Fails are all rallying in sync on the basis, we assume, that they have once again been proven impregnable. It seems very clear that correlation is being used to levitate markets here as the instantaneous jump in CONTEXT dragging stocks higher just as Dimon began to speak is so very reminiscent of the magical fairy that decided to buy Facebook shares as Gorman began his interview on CNBC last week. Maybe we should have Jamie speak every morning - the New QE?
TBTFs rally monkey...
http://www.zerohedge.com/news/dimon-markets-best-friend?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29
wang
wang's picture
Mr. Dimon you are one hell of a guy thanks for being here and please give my best to Judy
Mr. Speaker, I yield the rest of my time
Login or register to post comments
Wed, 06/13/2012 - 11:10 | 2521811 idea_hamster
idea_hamster's picture
Dimon's talk isn't 100% pure shit.
There is just enough corn and peanuts in it for the cafeteria staff to call it a "vegetable" and force us school kids to eat it.
Login or register to post comments
Wed, 06/13/2012 - 11:16 | 2521858 Dr. Richard Head
Dr. Richard Head's picture
I think Jamie has perfected what is actually know as Quantitative Weaseling.
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
| 