Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: abuelita who wrote (6698)	9/18/2002 3:33:37 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 89467

J.P. Morgan Has Lost Its Street Credibility Wednesday September 18, 3:21 pm ET by James J. Cramer [first essential to lose is credibility, then comes value "Oh Death, how cold your breath feels over my shoulder"] Hostility may be a tad too strong a term for the relationship between Wall Street and J.P. Morgan (NYSE:JPM - News). Testy, maybe. Or incredulous. But when you listen to the replay of last night's conference call where J.P. Morgan detailed the fiasco of a quarter it's having, you have to believe that this group of managers has simply lost the trust of the community it most needs to rehabilitate: the analysts. People don't trust this company when it comes to its derivative book. They don't trust it when it comes to venture capital markdowns. People don't trust J.P Morgan when it comes to bad credit recognition. People don't trust it when it comes to trading foreign exchange. People don't trust this company when it comes to taking its medicine for bad loans. And they don't trust it when it comes to paying a dividend. (continued for TheStreet.com subscribers)