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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (24934)	1/19/2005 10:44:13 AM
From: C.N.S.	Read Replies (1) \| Respond to of 110194

While I will concede that layoffs in Financial firms may be in the offing as this mess unwinds, this specific 12000 person layoff may be a more local issue (I do remember the merger and the wait for Jamie Dimon to get on the helm and for him to start on some of these things).

To: russwinter who wrote (24934)	1/19/2005 10:46:30 AM
From: John Vosilla	Respond to of 110194

JP Morgan/Chase/Bank One will need all the synergistic savings they can get to offset the upcoming credit reserves they will be taking on all those no down,zero interest loans on consumer electronics and cars as well as their big exposure to mortgages both in the origination and secondary markets.

To: russwinter who wrote (24934)	1/19/2005 10:47:45 AM
From: gregor_us	Read Replies (1) \| Respond to of 110194

The Market Has Been Exceedingly Kind to the Financials, insisting constantly on valuing them based on past performance--refusing to look forward. While, at the same time the market has been stubbornly skeptical about the Oil and Oil Service stocks, refusing to reward them for past performance and focused almost solely on a negative, forward outlook. Though some upside correction has indeed begun to enter the stocks which make up the XOI, and OIH.