JPMorgan Strategists Say Equities Are Flashing a Bullish Signal

Not only would you expect that from a political perspective--if JPMorgan actually knew what was happening with the market, why would 2 people at the same company have different ideas on what is going on? Wouldn't there be some sort of concerted effort by JPMorgan to keep all their employees on the same page, especially when it deals with making money? What this really goes to show is that JPMorgan and friends are constantly just blowing smoke when they 'predict' the market. None of them have a single fucking clue what is going on. Not a shred. Half of them probably don't even do their own research, an intern straight out of college probably gives them 80% of their information. They're the equivalent of your crazy boomer uncle on facebook except they wear an expensive suit when they go on their tirades.

They have absolutely no idea how this shit works. They make tons of money just because they were the first ones who decided to make a business around holding your cash for you. Consumer banking is not rocket science, it is literally just following regulations and holding onto people's money. Even investment banking is a fucking scam with how they make their money by basically just investing in companies that have always done well and then they collect based on AUM. These guys are worshipped as geniuses because they are rich yet most of them inherited wealth/access to wealth from someone before them who probably also inherited it. The big scam of finance is someone pretending to know something you don't so that they have an excuse to take your money but at the end of the day.

/r/finance Thread Parent Link - bloomberg.com