Wells Fargo: Being Bearish Paid Today

 |  About: Wells Fargo & Co. (WFC)
by: Paul Kedrosky

I have written here various times about my bearish take on Wells Fargo (NYSE:WFC) -- see here and here -- so today's WFC wreckage isn't exactly a surprise. Nevertheless, a crushingly bad day –- including a head-butt from CIBC analyst Meredith Whitney near the close -- for what had been the strongest banking stock.