WYSIWYG err... VIWYGPIWYP

UBS -

US reference linked note $12b

Reference:- http://www.businessweek.com/investor/content/feb2008/pi20080229_909242.htm?campaign_id=yhoo

JPM -

Tanona's earnings estimate for $3.30. When in the past JPM had such earning's it traded as low as $20. A little perspective :-)

Reference:-
http://seekingalpha.com/article/66619-goldman-analyst-more-rough-waters-ahead-for-j-p-morgan

As I look at more and more balance sheets I find earnings not growing even at moderate 6% at most companies at today's prices. So even at today's prices most Wall Street firms look overvalued. Trailing P/Es, forward P/Es don't fancy me much either. Years going back to 2002 were the most prosperous years for most corporations. so you are most likely going to get blind sighted if you look at the balance sheet figures of those years. These are not years of sustainable financial growth for most companies. So beware what price you pay.