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Longs and shorts: JP Morgan's weak earnings and money-losing startups

Stocks fell again on Friday as pessimism around the tech sector continued. Some of the recently beaten-down biotech names recover some of their lost ground, while blue chips General Motors (GM) and JP Morgan (JPM) were down sharply on recall woes and poor earnings, respectively.

Here are some our favorite long articles and tweets from today.


Weak earnings at JP Morgan (JPM) could portend a poor showing for Bank of America (BAC) and Goldman Sachs (GS) when they report next week.

High-speed trading

Who runs high-speed trading firm? At least one, Tower Research, is run by a guy who is really into conspiracy theories.


Ezra Klein explains what he calls “The Doom Loop of Oligarchy


Kevin Roose thinks the prevalence of money-losing start up businesses is a problem. It certainly seems bad for their investors, some of whom are public pension funds. It also seems to be somewhat redistributive as much of the money also comes from very wealthy investors. These startups may be undercutting existing businesses, but eventually they'll either figure out how to make it work, or they'll go away and the previous paradigm will flourish once more.

Bobby Raines

Bobby Raines is the Managing Editor of the Market Intelligence Center. He has degrees in Mass Communications and History from Emory & Henry College. Bobby worked at a mid-sized daily newspaper before making a switch to covering the financial industry full time in the years leading up to the financial crisis. He has been a member of the Fresh Brewed Media team since 2011 and has served as a writer and analyst. You can write to him at braines@marketintelligencecenter.com or follow him on Twitter: @BRatMICenter.