Wednesday, November 11, 2009
What does JPM know about derivatives?
Maybe we should check their research.
So check out this morning's action by JPM in their "derivative" section on page 10.
Is any of that worthwhile? I like the plays with the high vol.
Maybe there's a reason for it, and they're not out of line!
Which begs the question. How is there $80 trillion derivative book doing? And how will it be at 1440 on the S7P by June.
Wait--they'll tell us they, like Goldman were completely hedged--Especially for an outcome like that!!
But JPM is hiring 1200 people so they can do home modifications--so I have cut them a break.
At least, for once, some trickle down for the masses.
Posted by Palmoni at 5:29 PM