Seeking Alpha

Moody's puts the debt of Bank of America (BAC), Citigroup (C), and Wells Fargo (WFC) under...

Moody's puts the debt of Bank of America (BAC), Citigroup (C), and Wells Fargo (WFC) under review for possible downgrade. The agency says the Dodd-Frank bill makes major government support less likely even as the lenders' mortgage exposure remains high. All three banks are down more than 1%.
From other sites
Comments (2)
  • drekon
    , contributor
    Comments (188) | Send Message
     
    Dodd-Frank, more brilliance from this administration.
    2 Jun 2011, 10:06 AM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (6594) | Send Message
     
    Yesterday they come up wiht the "revelation" about Greece, (comical)now they are puting these banks under review ? Their "Timing" suggests an "agenda" or they are run by cartoon characters. I suspect both.

     

    They have run the "fear" gauge to the upper end of scale, use weakness here in BAC ($11.18) & WFC ($26.50) to scale in to a position.

     

    Long BAC - may initiate position in WFC in the next 48 hrs.
    2 Jun 2011, 10:25 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs