Market Mad House

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche

JPM Morgan Chase (NYSE: JPM)

The Death Spiral

The Decline of American Express

My take is that American Express is not a good long term investment because its business is not sustainable. There is simply no way that it will be able to keep paying out 32¢ dividends.

American Express is overpriced and headed for a serious fall. Stay away from Amex shares unless you are looking for something to short.

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