This morning, the major stock indexes are all declining sharply lower. The important financial stocks are leading the declines for the markets. J.P. Morgan Chase & Co (NYSE:JPM) is considered to be the most important financial stock in the United States at this time. Earlier today, a report was released that JPM could face a larger loss in their recent hedge trade that went bad. The report stated that the loss could be as high as $9 billion compared to the $2 billion loss that was originally reported. JPM stock is trading lower by $1.30 to $35.48 a share. The stock will have some short term intra-day support around the $35.00 area.  ...