re: Call the bottom on JPM

Ya, I would caution on buying JPM. It is not really certain what the impacts of their IG9 exposure will be at the end of the day when they unwind. They could have losses in excess of 5 Bn related to this trade.

This is addition of not mentioning their derivatives exposure to europe. I would highly advise against any financials atm.

Their best case scenario is that the Fed comes in with another splurge of stimulus which is likely to happen if the market heads south of 12k and jobs numbers continue to look abysmal as I have stated would happen in the past. OpTwist ends by July so look at all actions of the Fed from here until then. But, even with the Fed's possible printing it is still a risky play.

After speaking to most of my millionaire friends whom are all professional traders their sentiment is 'capital preservation' not growth. I think too many people here are focused on growth in a time that growth is not happening. Of course, there are opportunities to make money but you are going to end up having to stomach more risk than you can probably stand. I advise going more defensive, looking for stocks that actually pay more than the atrocious 10y Treasury. Aka the walmarts of the world.

If you really want to limit your exposure to Europe and take advantage of the dip in oil prices look at Dean Foods as it is a pure American play and it gains tremendously off of lower oil prices.