Jamie Dimon Says This Crisis ‘Dramatically Different’. In ‘Adverse Scenario’, JPMorgan May Suspend Dividend
“Additionally, we have run an extremely adverse scenario that assumes an even deeper contraction”…
“Additionally, we have run an extremely adverse scenario that assumes an even deeper contraction”…
“The point of equity funding over debt funding is it does not need to be repaid.”
“Today the range of negative outcomes seems much wider”…
Facts and science can be depressing at times.
“Absolutely, absolutely, absolutelyâ€.
“If this doesn’t work, we’re going to keep doing it until we get this going”.
The underlying economic reality is stark.
The situation is fluid.
Pride goeth before destruction, and an haughty spirit before a fall.
Platitudes.
“Unimaginable violence” and emergency intervention…
“…frustration gave way to incredulity and, eventually, incredulity surrendered to a kind of fatalism”.
Another cautionary tale?
As we’re fond of putting it: It’s good, but not “great”. “Again” or otherwise.
No. But in a way, maybe!
“Aggregate gamma on the S&P 500 was positive for more than three-fourths of 2019”.
“Will you say, ‘Thank you, Mr. President,’ at least, huh?â€Â
If some of this sounds overtly negative to you, don’t worry…
And don’t forget about the gamma pin. And buybacks.
Obviously, the risk here is that stocks have it wrong.
A “structural change” is coming.
Draw your own conclusions.
“At the depth of the market selloff last December, we set a controversial S&P 500 price target of 3,100 for 2019”.
Now if only markets cared about this…
You must be logged in to post a comment.