Quote of the Day: JP Morgan CEO won't call it a bubble, but is wary on bonds...

While JP Morgan CEO Jamie Dimon is wisely humble in an interview this morning --

"People can not predict the future"

-- he shares our concerns over the present condition of the bond market:

"I personally wouldn't be buying a 10-year sovereign debt anywhere in the world"

However, unlike Greenspan, he doesn't see a bubble:

 "I'm not going to call it a bubble"

 And he believes the Fed is on the right track:

"My view is the Fed is doing the right things, raising rates, telling people we're going to start reducing the balance sheet"