We sit through a 6-day stock market shit storm and see every single Dow point down erased in about 30 minutes at the start of todays ramp. then we trade about 25% lower average volume today than we have on average over the last 200 days. And even after taking a 9 billion dollar loss on derivatives trading, and the Libor
scandal unfolding over at Barclays, JP Morgan still manages to be up 5.96% at
the end of today and up 6.03% for the month. Yes, it's Friday in the stock market. And it's summer.
This too shall pass.
Retired CEO of CHIPPEWA PARTNERS, Native American Advisors, Inc., now CEO of the Parisian Family Office. A White Earth Chippewa, Dean helped Native Americans for decades. Raised conservative, began Wall Street career in 1982, met game changer William O'Neil in 1984. In a world on a dopamine, hypomanic binge, this is his take on financial chicanery, political crime and life well lived at their Ghost Ranch in MT or Pamelot, the Parisian's TN farm.
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