Bloomberg's Market Commentary

Go to this link, http://finviz.com/news.ashx , scroll down on the left to 5:22 am and you see this headline; Saudi Shares Advance on US Confidence, China Pledge.

Scroll up to 10:20 am and the headline reads, Saudi Shares Drop on Concerns About Europe, Oil prices.

Obviously contradictory tick by tick market commentary but the interesting part to me at least is the fact that if you click on the earlier link it no longer exists and you are redirected to the latter post.

Bloomberg never get's it wrong.



The gathered leaders of the world's largest democracies. What could go wrong?

Jamie and Ben

The unit at the centre of JPMorgan Chase’s $2bn trading loss has built up positions totalling more than $100bn in asset-backed securities and structured products – the complex, risky bonds at the centre of the financial crisis in 2008.
The unit, the chief investment office (CIO), has been the biggest buyer of European mortgage-backed bonds and other complex debt securities such as collateralised loan obligations in all markets for three years.
J.P. Morgan, the nation’s largest financial firm by assets, is struggling to contain the damage, which already has shaved off more than $25 billion in shareholder value

"We should say we want smaller institutions so that they can safely fail if they need to fail," he said, although he also called J.P. Morgan "a good player."

JPM is the US' largest investment bank. They are Too Big To Fail. $!00b in worthless, if they prove to be, asset-backed securities means nothing to the good doctor. He can monetize those losses at the speed of light.