Goldman Sachs (GS) thinks banks may start lending again, citing Bank of America (BAC +3.5%),...

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MarketGuy Comments (3983)
 
Yay more bullish "bank" news coming from a "bank".

bs.
8 Dec 2010, 04:00 PM Reply Like

Econdoc Comments (2944)
 
More clueless drivel from the Top 50 commenters

GS are slightly late but they are correct

Buy banks.
9 Dec 2010, 12:49 AM Reply Like

MarketGuy Comments (3983)
 
Good idea doc...perpetuate the cancer known as current big banking by feeding it. Wake up with some ethics and morals and someday you may become a "top 50 " too. However, I am not holding my breath, and, in fact, preclude you will remain a Keynesian Bernanke boot licking troll.
9 Dec 2010, 09:35 AM Reply Like

Harry Tuttle Comments (2221)
 
All of the sudden people have collateral?

Or could it be that GS is (gasp!) biased towards financial stocks?

Of course if things were bad they would tell us, right? Like they did in 2007 when everyone in the street was telling us to ignore Whitney, Roubini and the rest .

Asking a Wall St. analyst about banking stocks is like asking a politician for his chances in the next election.
8 Dec 2010, 04:04 PM Reply Like

Econdoc Comments (2944)
 
Yes. They are have capital out the wazoo. That's a technical term.
9 Dec 2010, 12:50 AM Reply Like

Harry Tuttle Comments (2221)
 
Thanks doc. We, the clowns at SA, can always count on your insightful scholarly comments. Keep up the good work!
9 Dec 2010, 07:32 AM Reply Like

Barry Crocker Comments (440)
 
Great day for banks stocks.
8 Dec 2010, 04:10 PM Reply Like

kmi Comments (3844)
 
In the real world this is BS but I guess someone needed to make some news to encourage some trades they could front run.
8 Dec 2010, 04:24 PM Reply Like

Duude Comments (3274)
 
Then maybe the Fed has been buying enough of their MBS holdings, at inflated prices, to free up enough cash beyond government reserve requirements to nudge them into a little more aggressive lending.
8 Dec 2010, 04:36 PM Reply Like

Tack Comments (9263)
 
For all you sourpusses out there, here's a helpful hint for making money that works nearly 100% of the time and, also, produces significantly above-average returns:

Find the sectors that are unloved --no, hated-- like banks, insurers, commercial realty, residential realty, etc. Then, don't try to cherrypick individual winners; instead, spread your investments among four-to-six issues in each chosen sector (never more than 5% in a single name), then, sit back and watch. You'll be happy.

P.S. The above is even better if the selections chosen have significant yields.
9 Dec 2010, 08:59 AM Reply Like