Dimon Says Interest Rates 'Going Up'; Stocks Dip

After making a push into positive territory earlier, stocks moved back toward the lows mid-day which could have been related to comments from JPMorgan (NYSE: JPM) CEO Jamie Dimon.

Specifically the comment from Dimon that traders are pointing to was "rates are going to go up in the U.S."

At 1:39PM ET, the Dow is down 89, the S&P 500 is down 13 and the Nasdaq is down 26.

Other comments from Dimon:

U.S. political environment is a "wet blanket" on the economy

He sees no major acquisitions in the foreseeable future

Says there is someone at the bank who could succeed him

'There was no lying' on London Whale Trade

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