InvestIdeas

behappyalways wrote:Total 40%....

Dimon also suggested that the S&P 500 could fall by "another easy 20%" from current levels, adding that "the next 20% would be much more painful than the first."


"This Is Serious": Jamie Dimon Says S&P Could Shed Another 20%, Warns Of US Recession In 6 To 9 Months
https://www.zerohedge.com/markets/serio ... 6-9-months

"This may be the most dangerous time the world has seen in decades."

"My caution is that we are facing so many uncertainties out there, you just got to be very cautious."

He added he is concerned about government debt levels and inflation, two topics he has focused on in various venues in recent months.

Warned against complacency in the face of a slew of risks, citing everything from inflation and credit spreads to geopolitics.

Chances of elevated inflation and stagflation are greater than people think, cautioned that America’s asset prices remain high and said that credit spreads are not accounting for the impacts of a potential downturn.

Dimon said last week he expects the volatility to continue, there are too many things out there.

A crack in the bond market is “going to happen” after the US government and Federal Reserve “massively overdid” spending and quantitative easing.

I just don’t know if it’s going to be a crisis in six months or six years, and I’m hoping that we change both the trajectory of the debt and the ability of market makers to make markets.

When asked if so-called bond vigilantes are back, he said “yeah”.

“I’m telling you it’s going to happen, and you’re going to panic. I’m not going to panic, we’ll be fine. We’ll probably make more money and then some of my friends will tell me that we like crises because it’s good for JPMorgan Chase — not really.”