Not Greece, worry about California: JP Morgan Chief

Mr Jamie Dimon, chairman of JP Morgan, told investors at the Wall Street bank's annual meeting that "there could be contagion" if a state the size of California, the biggest of the United States, had problems making debt repayments. "Greece itself would not be an issue for this company, nor would any other country," said Mr Dimon. "We don't really foresee the European Union coming apart."

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    Pittsburgh Steelers Fan

    1 decade ago

    With America allegedly being attacked by global investors, all bets are off. I think the gold market is likely to become very hostile. I remember Shock and Awe.

    As Americans become more aware, and thus concerned about this attack, I think the markets will invert rather quickly. When America is attacked, Americans buy Bonds. I'm sure under the circumstances other nations will follow a very similar pattern. Between Tea Parties, Cognitive Infiltration and a few Black Swans, this should be an exciting year in the market.

    If you're not in control of your emotions, chances are someone else is. Most of the time the other person doesn't even know it. Sometimes they do.

    The smart investor will put their money where they want to see recovery, advancement, more jobs, and better economies.

    We are listening!

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