Thursday, August 20, 2009
JP Morgan almost back to "pre-crash" levels. A harbinger for other banks?
JP Morgan stock is nearing 43 per share. It was in the high 40s prior to the onset of the crash. It has almost recouped everything. Is this a harbinger for the other banks and when will Meredith Whitney put out a buy signal on banks? (Not investment banks, but commercial banks.) And to be fair, where's Mike Mayo? Remember him? He's the famed bank analyst who said back in April that you should short all banks.
Whitney, Mayo and others like them make A TON of money for these "calls." You get it all free, here! (Okay...sometimes for $39.95)