The Realist

Wells Fargo: Short Increase Decreases on Positive Earnings

Are people still quoting and paying attention to bank profits? Why would it matter what WFC reported? Are the same people who believe these numbers the ones that were trading the market up this summer because we were going to have a second half recovery.

The only thing that we can be sure about every bank is that they are confirmed liars. Anyone who believe anything coming out of a bank is a fool, and we all know that a fool and his money will soon part.

Wells Fargo: A Growth Stock During the Great Depression?

You are absolutely correct, now is the time to buy a bank trading above where it traded in Oct 07 at the market top and is now trading at a 16 P/E and who has lied about its loan losses by changing the definition of default from 120 days to 180 days.