China is slowing and Jamie Dimon does not have control of “his bank.”  We are always suspicious of the China numbers.  This morning, it seems we can believe the China  numbers more than JP Morgan.  First Q was effected and 2nd Q lost 3.5 billion from the Closed Office (profit=1 billion and loss=4.4 billion).  Jamie Dimon, evidently is a phenomenal manager but not a trader.  Shutting the Office.  Does this mean the profits go and losses go?  Cramer used to say when you see fraud, sell.  He, through the Charity Trust, owns JP Morgan and continues to hold.  Again which advice do you use as a small investor?  What is said or what is done?

What do you believe?