short WFC

Wells Fargo: A Growth Stock During the Great Depression?

i got my short in the day before the no shorts law around 34. the reason is that i did not see anyway for banks to do better in this recessionary and poor credit environment. although the quick bail out package may cause a jump in wfc, its balance sheet has a 190B debt its not swimming in cash to go purchasing competitors , and these are less likely to drop dead with free gov money available. as is the case with socialism, the strong (WFC) get less help then the weak