Wall Street Leaders’ Fears of Froth Finally Bubble into Markets

Last month, JPMorgan CEO Jamie Dimon said he considered himself “far more worried” about a significant stock market correction than his Wall Street colleagues. If markets were pricing in a one-in-ten probability of a correction, he’d peg it closer to one in three, he told the BBC. The others are catching up, however. Goldman Sachs CEO David Solomon and Morgan Stanley CEO Ted Pick issued their own warnings of an equities drawdown on Tuesday at a summit in Hong Kong, which were enough to ignite valuation fe ...