The DEC13 E-mini S&P 500 is down 12 points today to 1791. We noted yesterday the key barrier of 1807, and this barrier has clearly held up, with markets having a sharp negative reaction downward.
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said banks will have to charge more for lending to get a “fair return” as regulators require the industry to set aside more funds to cushion against losses.
The stock market could use a healthy correction soon, before prices start rising at an unsustainable pace.
Paul Volcker said he wasn’t involved with writing the final version of the rule that bears his name.