JPMorgan looks good, but who wants to buy banks?
Sure, JPMorgan Chase is one of the strongest banks in the long run. But the long run doesn't matter to investors right now.
MSN Money is headed for the World MoneyShow in Chicago, Oct. 20-22, and we have a couple of invitations for you:
· First, attend the show at the Hilton Chicago Hotel for free and hear MSN Money columnist Jim Jubak and dozens of other financial pros as they share investment strategies and trading tips designed to help you build a plan for profit in 2012 and beyond. Admission is free for MSN Money readers; just click here to register or phone 800-970-4355 and mention Priority Code 024252.
· Second, if you’re attending the show or will be in the Chicago area on Oct. 20, we’re looking for investors who use financial Web sites to take a close look at what we offer and to help plan our future. We’ll work in small groups to review changes we’ve made recently, what’s coming and what we can add to help you make your financial decisions. Participants will be paid a nominal sum. If you’re interested, email firstname.lastname@example.org for a questionnaire.
the long run doesn't matter to investors right now.
It’s a sad but true comment, because, the long run is what true investing is supposed to be about. In the case of banks, they brought this on themselves, leading investors by example to become traders and speculators. If you watch what banks do, as opposed to what they say, it appears the long run to them is now about 90 days. I should talk. I just sold BAC Nov 2011 put options today with a $5 strike hoping to collect the time premium before the company goes bankrupt.
Other banks will be happy to buy banks. They can screw more people out of their money. I won by filing bankruptcy and screwing them out of $146,000. Everyone who can should do the same thing. You will suffer some consequences but will be a winner in the long run. It feels good to beat them at their own game.
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
As geopolitical tensions threaten to spin out of control, investors are wondering how best to position their portfolios for the global turmoil.
VIDEO ON MSN MONEY
Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.
Contributors include professional investors and journalists affiliated with MSN Money.
Follow us on Twitter @topstocksmsn.