wholesalecd

A Summary of Q1 Bank Earnings: World, You Just Got Hustled

You think C is going away. I bet you hundred grand that C is NOT going out. From the numbers C is in better shape than BAC.

JAY BOY BILLY


On May 10 11:30 AM ebschor wrote:

> Looks like we got hustled and you got squeezed. The difference is
> we are full of cash and you are trying to write long, drawn out articles
> to hopefully get enough people scared to sell so you can make back
> some of your losses.
>
> The banks will recover. It's not like this hasn't happened in the
> past. Bank performance will continue to improve over time. BAC, Wells,
> JPM, GS, MS, etc. will all be powerhouses of the recovered economy.
> I specifically left out C, because I think that financial institution
> will be broken up and sold. It will also be removed from the DJIA
> along with GM.

Cheap Stocks Aren't Always Bargains - Barron's

Funny article and totally irrevelant to the volatility of these stocks. Look at Citigroup for example. She said it touched .97 but this stock has also tripled in the last three weeks from that bottom.

She's right that there are high risk with these stocks but she failed to mention that there are great profits in these stocks also.

A company like Citigroup isn't going bankrupt. They even posted a profit the last two months.

Market to market rules have also changed so companies like Citigroup can value their assets at what they are really worth.

We'll see this week when Citigroup's financials for the quarter come out.

Jay

'The Worst Is Over for Financials' - Really?

Yep, as were typing away our anger a CEO is out there somewhere on his yacht living the HIGH life even as his company loses billions. Our government prosecutes but also protects those with big money.