13 October 2011

SP 500 and NDX Futures Daily Charts - JPM Posts Weak Results, Boosted by Trading and Accounting



While the SP and broad indices slumped today on JPM's weak numbers, which pulled down the financials, the NDX never really gave it up all day, no doubt in anticipation of Google's numbers which were released after the bell.

Who needs money when you have Google Plus and ad clicks?




Jamie Dimon speaks to Blythe and her traders to rally the troops after posting lackluster third quarter results, ex-accounting gimmicks.

Blythe:   Don't worry, no one is getting screwed.

Jamie: Whatever. We own this town. Let's party!



(Our little girl has been going around singing this all week.
She makes me perform a duet of the refrain. I am the 'la la la' guy.
And she does a dramatic delivery of 'oh well' and 'whatever.'
She makes up most of the lyrics besides that.
It's the little things that make life worth living.)