Creative destruction. There were way too many banks as it was and this is the correction of an oversupply of financial(?) capacity. Banks were getting like gas stations in the 1950's, one on every corner of an intersection. Interest rate wars instead of gas wars (there's a moral in this). Convert the empty bank real estate into medical clinic configuration in anticipation of "Obama-care". Or not.
This news story has 12 comments:
On Oct 10 01:06 PM daniel3582 wrote:
> Great news! Look for a 150 point rally on the Dow Monday....
finance.yahoo.com/news...
JPM Rally this week? Buy a call or put?
Thumps up for call, thumbs down for put
On Oct 10 04:54 PM bbro wrote:
> S&P 500 is 7.57% of GDP......historical median is 9.4%...we have
> room to run....