Wednesday, July 18, 2007

Bernanke the Bear

Bernanke told congress today that overall economic growth this year will be lower than expected. Of course the markets overreact, but this appears to be only a temporary slip as the bulls still looks very strong.

Bought some JP Morgan Chase (JPM) today on stellar earnings report, beating estimates by .12 cents. The stock dropped however due to future expected losses in home equity defaults. Buying opportunities everywhere.

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