JPMorgan one of the last financials with enough meat on it to short

Market up 150, JPM down 6%. The scuttlebutt is that hedge funds are beginning to work their magic in this stock.

 

Their derivatives team does not consist of rookies...

 

Financials are not taking part in this rally.

I believe we are rallying on the Obama comment yesterday and China's stimulus package.

 

It helps when your founder created the Fed.