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Why I'm Committed to the UltraShort Financials ETF [View article]
WFC simply said they weren't going to "suck as much" as the other banks this quarter. They said firmly that they now have 7 Billion set aside for bad crap thats coming down the pike.
I don't care that they raised the dividend either. Thats called playing Wall Street and Main Street for a fool.
Oh we are going to get a financial rally. No question. For those that are newly long or so pathetically underwater from listening to the cheerleading from the media, atleast you can make a few $$