Business

A week after Jamie Dimon made headlines by proclaiming Bitcoin a "fraud" and anyone who owns it as "stupid," the JPMorgan CEO faces a market abuse claim for "spreading false and misleading information" about bitcoin.

Unless you have been living under a rock for the past week, you will be well aware of JPMorgan CEO Jamie Dimon's panicked outburst with regard the 'fraud' that Bitcoin's 'tulip-like' bubble is. To paraphrase:

Perhaps having grown tired of fighting windmills, it was several weeks since Albert Edwards' latest rant against central banks.

Authored by Lance Roberts via RealInvestmentAdvice.com,

When I was growing up my father, probably much like yours, had pearls of wisdom that he would drop along the way. It wasn’t until much later in life that I learned that such knowledge did not come from books, but through experience. One of my favorite pieces of “wisdom” was:

Apple share price continues to tumble since it unveiled the iPhone 8 and X, following yesterday's triple whammy of bad news.

Back at it lowest since August 1st's after-hours spike on earnings, AAPL is now testing the key 100-day moving average...

And as goes AAPL, so goes the Nasdaq.. again

Time for The SNB to buy some more...

"No brainer..."

Authored by Mike Shedlock via MishTalk.com,

In response to Janet Yellen’s "everything is OK" speech following today’s balance sheet reduction notice by the FOMC committee, I received an interesting set of comments from Pater Tenebrarum at the Acting Man Blog regarding rate hike cycles, gold, and stock market peaks.

“Rule of Total Morons”