Big financial institutions make big trades. Buying and selling small quantities won't generate the kind of outsized numbers needed to make a difference on gargantuan financial statements. If JP Morgan has gotten itself caught up in an ongoing adverse market swing over the last 6 weeks, and they say they have, but nobody is going to tell us anything else, we can at least have some fun guessing at which one it might be.
And glancing at big market swings in known big markets over that period, the 12% dip in crude futures certainly stands out. Whole oil complex fell like a piano from a window this month, and that would be straight down for those of you who're too young to have watched a whole lot of slapstick comedy on the black and white TV.
Now whenever we think of that pit, visions of anchored tankers come to mind. Row after row of these huge merchant vessels awash in Texas light sweet anchored in remote coves across the globe at the behest of Crime Family capos driving prices up by sucking inventory out of the supply/demand equation in this way.
Enter the FBI.
That's right, the Federal Bureau of Investigation just announced that the suits are jumping in. Or swaggering in. They don't really jump, at least not in the movies, just pull up in American-made vehicles, kind of slide out, and pretty much swagger on in.
Anyway, that's all we've got for you now. Possibly crude and definitely the Feds, and maybe something so awful to the American people that the FBI took over to make sure we never ever find out what's going on with this $2 - maybe $3 - billion thing, whatever it was - or still is, so that's where we have to leave you today, at a place where the Wall Street Crime Families have never been before .....
Enter the FBI.
