JPMorgan Chase profits fall 53 percent on loan losses

Tyler_JC

Maybe the Street was expecting a 93% loss and a 53% loss ends up looking like a gain?

The whole market is based on a game of expectations.

If the Street expects 10 billion and you make 9 billion, your stock crashes.

If the Street expects you to lose 17 billion and instead you only lose 15 billion...your stock goes up massively.

I bought a bunch of Freddie Mac a couple days ago when it touched $6 a share...now it's at $8.

But the company is actually in worse shape today at $8 than it was at $6. It's just that the expectation was for Freddie to go bankrupt by August. Now it will be bankrupt in September and that's considered good news by investors.
Rolling Eyes

Eventually the real world will catch up with the stock market and shares will begin to price in the impending massive recession.
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