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Seeing it. Were down several days in a row, not only stocks but Interest Rates on downside and thats key here. Look at this, down 6 here. Emerging markets. 6 and 7 . They trade in the United States, Exchange Traded funds, turkey, thailand, all down. The transports are the weakest major down today because of the airline stocks. Thats not a surprise. Crude rallied to a 6 week high. These are steep declines, airlines have had a good year as profits have increased and we have the yield curve flattening as well that usually means trouble for bank stocks, wells fargo down 2 , Morgan Stanley to the weak side. Gold up, you say flight to safety, concerns about syria, but i want to point out too, the ruppee has been getting crushed. Rupee, the wedding season, gold prices go u ....
with a story that is the global markets and j.p. morgan. jamie dimon admits to a 2 million loss. we ve got all the angles. the market has some other worries, too. china, industrial production, retail sales missing estimates there. and it does look more likely that greece will have to hold some new elections. add to that, nordstrom clocked a five-year high is down sharply this morning. and credit sweets updates verizon and a tend at. you you would have known that already had you been listening to cramer. stunning wall street today, j.p. morgan chase. the bank says the wagers were made in its chief investment office and linked to a journal report last month. last month, j.p. more depen chase called the coverage a complete tempest in a teapot. here s what dimon had to say in that conference call late yesterday. in hindsight, the new strategy was flawed, complex, fully reviewed and fully monitored. the port foe owe has been more riskier than we thought. jim, we ju ....