JPMorgan CEO Dimon: Market sell-off could just be an adjustment: "The recent equity sell-off could indicate a market-wide adjustment to new global conditions, JPMorgan Chase Chairman and CEO Jamie Dimon said Wednesday.
"When the market is this bad, it's reasonable to say it might be telling you something, but it's also reasonable to say 'maybe it's not,'" Dimon told CNBC's "Squawk on the Street" at the World Economic Forum in Davos.
"My own view is that you've had four or five things very different that are taking place," Dimon said. "China scared people with this bungling of the yuan — their currency — and their stock market, and their lower growth changed flows around the world. Commodity prices are down substantially now."
‹
Nasdaq posts most intraday lows since depths of 2008 crisis"
'via Blog this'
No comments:
Post a Comment