Cramer: JPMorgan Vindicates the Bears
What can you say? The risk-free short of a large portion of this market can now continue.
The derivative strategies that these banks recommend to so many, and that they implement themselves, are too hard to execute and can't be contained or controlled by humans.
What else can you conclude if the Smartest Man in the Room isn't smart enough?
Random musings: Meanwhile, Chesapeake Energy(CHK) continues to distinguish itself as a rogue operation in almost daily revelations. I think you'll have to sell shares in its master limited partnerships before Chesapeake does. It makes too much sense not to do so.