"The fundamentals of the industry have never been better," says Dick Bove, shockingly bullish on...

"The fundamentals of the industry have never been better," says Dick Bove, shockingly bullish on bank stocks, but this time extending his buy call to the entire market. Bill Clinton (a President in the last century) calling for tax cuts, Scott Walker's victory, and Mitt Romney's improved chances - all bullish.

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Comments (10)
  • Stoploss
    , contributor
    Comments (1713) | Send Message
    There's your top tick.
    7 Jun 2012, 04:59 PM Reply Like
  • markjones12
    , contributor
    Comments (24) | Send Message
    Hmmmm. Margins getting tighter, more regualtion via Dodd Frank, exposure to European Sov. and a slowing economy. All good reasons to be bullish on the banks.
    7 Jun 2012, 05:07 PM Reply Like
  • Drew Robertson
    , contributor
    Comments (373) | Send Message
    Scott Walker? Bill Clinton? Mitt Romney? All good for banks? Then they must be the banks friends? And evil.
    7 Jun 2012, 05:09 PM Reply Like
  • brea
    , contributor
    Comments (49) | Send Message
    dick bove is w/out doubt very near the apex
    of "tool of financiers". what a complete loser
    that man is. SHORT AT WILL!!!!!!!!!!!
    7 Jun 2012, 05:11 PM Reply Like
  • jerry6
    , contributor
    Comments (24) | Send Message
    Is this a joke , Dick Bove ( ine) bullish , bovine ?
    7 Jun 2012, 05:12 PM Reply Like
  • Herr Hansa
    , contributor
    Comments (3134) | Send Message
    It's on CNBC. That's the ultimate contrarian signal. Should be just good enough to get enough lemmings into the sucker's rally, then boom!
    7 Jun 2012, 05:26 PM Reply Like
  • Robert Duval
    , contributor
    Comments (7852) | Send Message
    This Guy Is the ultimate contrary indicator. How he is still employed is beyond me. A utter fool and cheerleader. Makes me more convinced of my bank shorts. How much money has he lost investors and not a shred of humility. Short 2 major banks.
    7 Jun 2012, 05:33 PM Reply Like
  • J 457
    , contributor
    Comments (1000) | Send Message
    At least he's consistent. BAC at $45- it's a buy! BAC at $2.50- It's a buy! It's always a buy.....that way he's never wrong? Sorry, not many people "trust" the banks and the earnings are only fueled by lose monetary policy. Once reality returns the banks will be lucky to survive.
    7 Jun 2012, 05:50 PM Reply Like
  • Independent Contractor
    , contributor
    Comments (13) | Send Message
    What exactly will Mittens do to make things better? How would you know? He has at least 2 positions on every issue, and no balls. he would be a freaking disaster. Obummer is bad enough. This dude is weak, weak, weak....and lame, too.


    Scott Walker's victory means only one thing - elections are for sale.
    $27Million vs. $3million are the rough numbers for the official campaigns, and roughly $60million vs. $9million with all outside groups considered. Anyone who does not believe advertising moves product is a fool. Anyone who believes this is good for America's future is a bigger fool.


    Attributing that out of context snippet from Bill Clinton to his support for across the board tax cuts is just another form of lying.
    7 Jun 2012, 06:01 PM Reply Like
    , contributor
    Comments (10814) | Send Message
    I guess Bove didn't see that using new Basel standards the 19 to banks would be $50 Billion short of capital.
    7 Jun 2012, 06:36 PM Reply Like
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