Bubba’s Bottom Line: FED Caves after 312,000 New Jobs; Banks Remain Over-leveraged – By Todd Horwitz, Bubba Trading.

 

What is wrong with the picture? Banks having some trouble. The biggest warning sign for me is when the banks have to reassure us they’re on solid ground.. One of the more bullish signs is that JP Morgan now saying they see a recession chance of 60%. I’m not a big fan of the big banks, their recommendations or what they say.

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Financial Markets and Political Commentary
 

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About the author

Todd Horwitz - Author of “Average Joe Options“. Todd began his trading career in 1980 at the CBOE. He was one of the original traders in the OEX & helped start the SPX. He is a member the CME where he trades S&P futures as well as foreign currencies & is a regular contributor to CNBC, Bloomberg, BNN, Fox & many other major news networks.