JPMorgan Chase & Co!

Today wasn’t a good day for JPMorgan Chase & Co.  A matter of fact, it wasn’t good for anyone, stocks had a really bad day trading.  But for JPMorgan Chase & Co they lost almost 9 percent and reported an it had $1.5 billion of losses so far this quarter on mortgage-linked assets.  Mostly related to how bad the credit markets have been.  This just comes to show how bad things still are.  No matter how people sugar coat things, these times are still really bad.  One thing good came out of today; the price of oil is still dropping.

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This entry was posted on Tuesday, August 12th, 2008 at 5:28 pm and is filed under Business, Economy, General Info, Investing, Stocks. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.