By Michael Tarsala
Doug Kass over at TheStreet.com says he’s buying a small amount of JPMorgan Chase & Co. (NYSE:JBM) here as an investment.
Among his arguments:
- The stock is trading at a low price to book multiple, despite an ongoing share buyback.
- JPM and the big banks already trade at low PE multiples (JPM is at less than a 7x forward P/E, more than a 40% discount to the S&P 500).
- The cost of the $2 billion trade is fairly low to JPM, in the grand scheme of things. Read More
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John Hussman: The Market’s ‘Dancing on the Edge of a Cliff’
Category Investing, Market News, Stocks, Technical Analysis, Trading
By Mick Weinstein
John Hussman
In his recent weekly commentaries, mutual fund manager John Hussman has warned that current market internals – vis-a-vis its return/risk profile – are among the worst recorded on the historical record. In this week’s commentary, Hussman finds that over the past 7 days things have become even worse, and offers a chart to illustrate (emphasis added):
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