As if we had any doubt after the beginning of May brought huge declines to the stock market, volatility is back in a major way. Today's market action shows just how jumpy stocks have become, with the Dow Jones Industrials
Even though the Dow recovered, many Dow components did not. Cisco Systems
Finally, JPMorgan Chase fell almost 1%. With Wall Street's major banking and investment firms taking their respective turns on the hot seat over issues ranging from questionable foreclosure practices to the mishandling of the Facebook IPO, JPMorgan still hasn't managed to push its multibillion-dollar failed trade firmly into the background. As long as JPMorgan keeps its derivative position, it will remain vulnerable to both further losses and criticism from investors.
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Fool contributor Dan Caplinger doesn't own shares of the companies mentioned. You can follow him on Twitter, @DanCaplinger. The Motley Fool owns shares of Joy Global, JPMorgan Chase, and Cisco Systems. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Fool has a disclosure policy.