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There was one theory from JPM bears about the stock price. They said if their stock went below $20, all kinds of catastrophies would happen, and gold would skyrocket. It has been below $20 for about two weeks now, and the world didn't end. When is all of this bad stuff supposed to happen?

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I tried to trace the source of that $20 number. I tracked it back to the GATA site (Bill Murphy's site). After JPM broke through $20, there was a comment in his daily commentary that it was based on a rumor passed on by a reliable floor trader. Later, the number was revised to $18.50. So the source appears a bit soft to me. I have not seen any hard analysis that shows exactly why they implode at a given price. OTOH, if they were in trouble, we would probably not be reading about it in the news, for obvious reasons. Instead, you would probably have a lot of behind the scenes activity like we saw with LTCM in 98. Inevitably, some word would leak out to those who are connected and we would see downward pressure on the stock price (as we have seen). I'm not saying they have imploded or even that I believe the implosion theory; only that current events do not necessarily refute the implosion theory IMO.