RJ and Makay

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JPMorgan Chase & Co. was the first bank today to announce that Federal Reserve regulators have finished stress tests of its balance sheet and approved both a dividend increase and stock buybacks.  This afternoon, the Wall Street Journal issued a WSJ Markets Alert: JPMorgan, Bank of America Pass Fed’s Stress Tests.  JPMorgan said that it will up its quarterly dividend by 5 cents, to 30 cents, and buy back up to $12 billion of stock this year.

As we all know, the Dow Jones unexplainably gave the world a heart attack last Thursday. The intraday drop of nearly 1,000 points and then the climb back up has left everyone speculating about what happened. The NYSE and Nasdaq have been pointing fingers but according to a Reuters article yesterday have called a truce and have pledged to co-operate with each other and regulators to figure out what happened.

Watch and listen to traders as they capitalize on the intraday drop and bounce.  Their reaction, the trades they were executing and their sheer excitement of an apparent nearly once in a life time intraday trading opportunity handed to them on a silver platter.