Seeking Alpha
Friday, January 1 2010  |  12:48 EDT  | 
DJIA (DIA) S&P 500 (SPY)

Market Currents

Thursday, October 15, 2009
12:20 PM TweetThis
  • Richard Bernstein, former chief investment strategist for Bank of America, now says he "underestimated the rebound" after his March 23 advice to sell bank stocks. Indeed: Seventy-nine banks, insurers and investment firms have gained 155% since March 6. S&P Financials were up 3.4% yesterday to lead the stock rally.

This news story has 6 comments:

  •  
    Of course he underestimated it. I'm sure he applied "logic" and "reasoning" to his initial estimation model.
    Oct 15 12:25 PM | Link | Reply
  •  
    A sell recommendation on March 23rd? To say that he "underestimated" is a slight understatement.
    Oct 15 12:28 PM | Link | Reply
  •  
    Market analysts, both fundamental and technical, are 100% accurate at predicting the past.
    Oct 15 12:42 PM | Link | Reply
  •  
    BAC employees -- at least they're consistent. consistently screwing over clients
    Oct 15 12:44 PM | Link | Reply
  •  
    maybe he had some hidden motive to buy up the shares from the suckers who actually sold?
    Oct 15 12:50 PM | Link | Reply
  •  
    Why isn't Richard Bernstein, former chief investment strategist for Bank of America, homeless and starving?!

    Oh. I see.
    Oct 15 01:21 PM | Link | Reply
Follow Market Currents on
Latest StockTalks
  • DFraser: For the 4th... Getting ready for a sharp uptrend then all down baby!
    about 4 hours ago
  • DFraser: GS and BAC LONGS!
    about 4 hours ago
  • DFraser: Expect market downturn after today!
    about 4 hours ago
  • ACEMAN: VLOUF.PK, French global market in seamless tubes in oil/gas, petrochem, autos, cyclotrons, aerospace hit bottom to revert to mean in 2010.
    about 5 hours ago
More StockTalks »

From our sponsors: