JPMorgan's shares pulled back 4% on Friday to close at $43.21. The stock has now returned 31% year-to-date, following a 20% decline during 2011.
Who needs the Fed? Interest rates are already rising, and Bank of America is reaping a windfall.
The credit derivatives market is worth trillions, but are they really a time bomb waiting to decimate the financial markets? Warren Buffett's warnings haven't scared Citigroup.