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Cramer on BloggingStocks: Bad news trumps all

Posted May 28th 2009 10:00AM by Jim Cramer (RSS feed)
Filed under: Market matters, JPMorgan Chase (JPM), Cramer on BloggingStocks

TheStreet.com's Jim Cramer says the disconnect between the action and reality is widening.

This market's now giving you intraday irony. Yesterday JPMorgan (NYSE: JPM) (Cramer's Take) gave a terrific presentation about its current state of affairs. The only squib picked up about the story was a notation about credit card losses. That we only read that part on the tape, there was much that was fantastic, giving Jamie Dimon and this amazing back short shrift.

But even more amazing to me was the contrast between the thrust of the presentation -- there are still billions of dollars of bonds being crunched and billions of dollars of mortgages going unpaid or losing value -- and the declines in the bond market because of worries about inflation.

Continue reading Cramer on BloggingStocks: Bad news trumps all

Mr. Dimon 'misspoke' when he used the term 'vilification'

Posted Mar 12th 2009 6:04AM by Connie Madon (RSS feed)
Filed under: Market matters, Money and Finance Today, Financial Crisis

When Mr. Dimon says, "When I hear the constant vilification of corporate America, I personally don't understand it," he sounds like Greenspan when he said: "there is a flaw in the model -- that defines how the world works."

Both men are going merrily along without a clue about what the American people and their representatives in Congress are up in arms about.

Continue reading Mr. Dimon 'misspoke' when he used the term 'vilification'

Cramer on BloggingStocks: How to play in the climate of fear

Posted Dec 12th 2008 9:00AM by Jim Cramer (RSS feed)
Filed under: Before the bell, Ford Motor (F), General Motors (GM), Scandals, Citigroup Inc. (C), JPMorgan Chase (JPM), Federal Natl Mtge (FNM), Amer Intl Group (AIG), ETF Investing, Cramer on BloggingStocks

TheStreet.com's Jim Cramer says he wouldn't buy the down open. Instead, wait for the ETFs to do their thing.

How much of the decline is Madoff? How much of it is no bailout? And will the bulls who love these situations come in and stabilize the market at the opening? Or are they coming to their senses for once and just letting the market go down to some level where it belongs, given that the fundamentals are deteriorating so quickly?

If it weren't money, we'd be laughing at the last few days when the gold stocks roared and the commodities took over the market because of the "inflation trade." If there is such inflation, why in heck does the collateral go down every day? If there is such inflation, then why doesn't someone sell a T-bill, for heaven's sake?

We are in a climate of fear, with the spread of corporate over Treasurys at the highest in history, including the Great Depression. Why anyone is worried about inflation when we can't create credit is beyond me. Maybe I took the wrong course.

Continue reading Cramer on BloggingStocks: How to play in the climate of fear

Sometimes when you win, you lose (ahem, JP Morgan)

Posted Mar 25th 2008 8:44AM by Zack Miller (RSS feed)
Filed under: Deals, JPMorgan Chase (JPM), S and P 500, DJIA,

MarketWatch has an interesting opinion piece out on JPMorgan's (NYSE: JPM) re-negotiated deal for troubled investment bank, Bear Stearns (NYSE: BSC). Entitled "Dimon's Dog ", the article's thesis is that while JPMorgan's CEO, Jamie Dimon, initially had a great score scooping up Bear on the brink of insolvency, his renegotiated deal leaves the company with a significantly weaker hand than it had just one week ago.

According to MarketWatch's David Weidner, "Somewhere, Gordon Gecko is hanging himself with his suspenders."

It seemed that Dimon had it in the bag. A quick and dirty deal, approved by Bear's board with pressure from the Federal Reserve Board -- it appeared a done deal.

But then something happened.

$2 had tremendous shock value. Regardless of how that values the company, you can buy a hot dog for $2. The market didn't believe it could happen and I guess what happened is that JPMorgan couldn't believe it either even though the firm committed to taking on Bear Stearn's obligations whether or not Bear shareholders agreed to the deal. Check out Sheldon Liber's article on the subject.

Continue reading Sometimes when you win, you lose (ahem, JP Morgan)

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DJIA+38.3910,285.36
NASDAQ+12.452,163.53
S&P 500+4.841,097.85

Last updated: November 11, 2009: 11:47 AM

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