Home Builders - Is This the First of Many?

Tonty tecklc, chairs of j p morgan, the stock dropping over two % to day. Bloomberg reporting that j p m is the biggest counterparty to the nickel trades of thechi s. Tycoon caught in that huge short squeeze, it underperformed its peers and the market to day. Dan: We've been talking about this in terms of contagion, in terms of risk held in portfolios that we don't know about. What do you think? Yes. I mean, i think this is probably the first of many. And tim has mentioned this on numerous occasions over the last couple of weeks. It's kind of like the crisis play book.