$JPMorgan (JPM.US)$ strange, thought banks should go up with...

hunted by bears : look for bailout from Fed, though they may not actually label it as a "bailout" because they know that's starting to piss people off.  They may say something like "dire need of assistance" LOL

bwjx : Usually banks and finance will drop sharply due to fears of Recession. Whether it will eventually come true is another thing.

bwjx : I suggest you look at PB ratio and some other metrics too if you are trying to buy banks at fair value.