DavyJ

Barron's Goes Bullish on Banks, Again

Oops!

After doing a little research on "invisible hand" I find that it doesn't mean what I thought it did.

So I rephrase my statement to read: A third way to take it might be the there was some pressure from "behind the scenes" and they succumbed.

Barron's Goes Bullish on Banks, Again

Re: "Barry Ritholtz is freaked out by the fact that Barron's, WSJ and NYT posted coincidental stories championing a banking sector bottom. "Can you recall the last time 3 major media players all picked the bottom in a market or sector on the exact same day -- and were all proven correct?"

That can be taken two ways. Either he's skeptical that they are right or he's convinced that they are right.

A third way to take it might be the there was some pressure from the "invisible hand" and they succumbed.

I lean towards the latter.