JP Morgan openly admits guilt
Posted: Mon Dec 13, 2010 10:04 pmnot so quick. these guys might be greedy and craven, but dumb bumblers they aint.
when you set a long term bull position, you NEVER start by buying...you start by shorting. i know what i'm talking about.
you first pound the market hard to see how far it'll bend, they been doing that for years, and earning big. more than enough to cover any losses pulling in shorts. buy back shorts is a cheap way to provide support, for an EVENTUAL massive bull campaign.
doubt me? check out copper and LME nickel, who you think is buying that? getting ready to squeeze that?
JP Morgan Chase will be the last bank standing.
the victory is now they're gonna squeeze it to the upside and make those paper dollars worthless so they can buy assets for a nickel on the dollar, and the guys on this forum who hold PM's will not go homeless or hungry.