Is There a Contrarian Investment Opportunity In JP Morgan Chase’s Loss?
By Tom Essaye – Weiss Research By now, you’re likely aware of the $2 BILLION loss by the “chief investment office” at J.P. Morgan (JPM). The firm’s stock has obviously suffered, and there has been plenty of negative commentary regarding the incident. But you should consider looking at this from a contrarian viewpoint and see if there are any opportunities in this incident. The initial reaction whenever there is bad news like this is to sell first and ask questions later. And that’s usually the right move to make — at least in the very short-term. But the first...
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