I was thinking I'd be buying Goldman Sachs this week, instead I'll be buying JPMorgan.
I'm not a fan of the financials (actually I hate 'em), it may not even be the bottom, and it's probably going to be a while before the smoke clears, but you have to admire this trade that Jamie Dimon just made.
How amazing is it that they kicked this guy out of Citibank? Makes me want to short Citi for good measure.
Bloomberg: JPMorgan Buys Bear Stearns for $2 a Share After Clients Flee.