JPM is having a good week on the New York Stock Exchange. JPM opened the week around 33 and has moved up everyday. Today the stock closed at 35.81 up 1.82% on the day. This is a far cry from the year high when it topped out around 46 at the end of March and early April. JPMorgan Chase & Co started its downward spiral in the 1st week of May. JPM started May around 42/43 and ended up at 31/32. The banking industry which was off to a great start in 2012 is about par for the year. Many experts believe we will see back and forth swings like this for the next year or two as the market goes through a state of flux. Some talking heads are calling for major banks (like JPMorgan Chase & Co) to be broken up and divided into smaller banks to prevent another economic collapse like we saw in the 2008. We here at myaccountchasecom.net believe a simple fix is needed and that involves voting out the Food Stamp President this fall. Obama promised change and all we got was the same… high unemployment and a miserable economy not to mention a broken health care system. Thanks Obama. Elect Romney in 2012 and thank us later.
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