Home Economy One currency trader made a $100 million bet on his phone, Dimon says

One currency trader made a $100 million bet on his phone, Dimon says

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         One currency trader made a $100 million bet on his phone, Dimon says

A currency trader made a $100 million bet with a cell phone.

So says J.P. Morgan Chase & Co

JPM, +0.33%

  Chairman and Chief Executive Jamie Dimon during an interview on Yahoo Finance Tuesday after the release of his annual shareholder letter.

While providing little in the way of detail about the specifics of the bet, Dimon joked that the $100 million trade spoke to an important market truism: people shouldn’t drink and trade at the same time.

He said perhaps there should be a breathalizer in the phone “so that after dinner or a drink or two you don’t go… short or long.”

An expanded version of this story is available at WSJ.com

Also read at WSJ.com

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