Kovacevich's Delayed Retirement: Bove's Criticism is Totally Off Base [View article]
Um.....the XLF low was $16.77 on 7/15/08 and closed at $17.17. The XLF has since been as low as $12.79--a 24% drop from 7/15. Closing price on 11/10? $13.80! "Whining" aside, that looks like an 18% drop from the intra-day low to me. You can cherry-pick a few names that are higher out of a large universe...that does not make the call right. (BAC is all of a dollar higher now--that's the best you can do?)
Kovacevich's Delayed Retirement: Bove's Criticism is Totally Off Base [View article]
Kovacevich's Delayed Retirement: Bove's Criticism is Totally Off Base [View article]
Where have you been, buddy? How did that July "bottom in financials" call work out for you?