Before anyone goes gaga over the news that Warren Buffett has taken a large stake in JPM, let me remind you that this is the same guy who has large stakes in Wells Fargo and Apple as well. Buffett's well deserved reputation as a smart value investor was built over the decades for his prowess in buying whole companies at low or reasonable valuations. He and his newer investment managers are not necessarily the greatest stock pickers nor market timers. Because Bershire has become so large and has so much money to put to work he ends up buying very big positions in large, liquid household names. When the market is going up they do well and he looks brilliant. When the market is in a down trend (as it is now) these stocks go down with everything else and in some cases even faster. Not only are Wells Fargo and Apple busted stocks that have a lot more downside, but JPM has recently completed a top and should be sold and shorted between 110-111. SELL. Chartsmaster