
KOREA WAKES WALL STREET TO CHINA MEMORY THREAT; BROADCOM CEO EQUATES MOMO CROWD TO GAMBLERS; JPM WHIPSAWS
By Nigam Arora

To gain an edge, this is what you need to know today.
Investors Get Jittery
Please click here for a chart of JPMorgan Chase stock (JPM).
Note the following:
- The Morning Capsule is about the big picture, not an individual stock. The chart of JPM stock is being used to illustrate the point. JPM is the largest U.S. bank.
- The chart shows the momo crowd was buying JPM stock on hopium ahead of earnings.
- The chart shows when JPM reported earnings.
- The chart shows the big drop in JPM stock on the earnings report. Whisper numbers were running ahead of consensus numbers.