Bank of America, Citigroup, JP Morgan and Wells Fargo Stocking Up on Liquidity [View article]
I'd be weary of following Dick "multigenerational buying op Bank of America at 38" Bove and shorting WFC. It seems as if they are vulturing the good CIT loans not to mention other bankruptcies.
Wall Street Breakfast: Must-Know News [View article]
Nokia should just throw in the towel...In regards to BNI they are doing a fine job operating in a lousy hand dealt by the US. Wonder if Buffett has taken notice of the selloff. Just my opinion, but I think some hedge funds are firing at the transports in order to take down the whole market...who knows.
Mervyn King: Break Up the Big Banks [View article]
Peabody is doing great...nice we both got it cheap!!! It may selloff, but I have longer term plans for that position. Just a question about Dick Bove. I know he's CNBC's show pony, but didn't he get the whole credit crisis wrong and told people to buy Citi at $20? Just checking to see if there's any legitimacy to his call on Wells given his track record.
Yeah, it may be a good time to short based on the law of gravity, but Ron has a very good point. Despite the rapid increase in share value a lot of these things are cheap and were priced for Armagedon. I don't know what makes Whitney so great for putting a buy on GS when it was in the toilet bowl. Great investors like Warren Buffett saw value way before it went to panic levels. It should have never gone to $50 and now it may be over done soley on technicals. Buffett has not sold...the list of analysts who bask in one good call is endless...there's only one who consistently is right and he's not with a Wall Street firm.
Ind. Prod numbers will keep the irrational bulls charging. Eventhough the UofM data has caused a knee jerk sell-off I'd be affraid to short this at these levels. 1060 on the S&P would be ideal.
Bank of America, Citigroup, JP Morgan and Wells Fargo Stocking Up on Liquidity [View article]
Wall Street Breakfast: Must-Know News [View article]
Mervyn King: Break Up the Big Banks [View article]
Get Ready to Short the Banks [View article]
The New Bull Market Fallacy [View article]
What Should Be Happening to Toxic Bond Prices? [View article]
Cramer's Mad Money - Semiconductors Are Back (3/17/09) [View article]