daniela

Wall Street Says 'Oops'

Great article. Yes, whoever listens to "gurus" like Cramer will burn like charcoal. One time I set up for fun virtual funds for stocks he advised to buy -- I was shocked how bad he is. He is scoundrel. I learned to stay away from any stocks this guy recommends. He always advised to buy stocks that are on top when traders are selling. He is the only one who reaps the benefits from advising to fools. But with all of these "analysts"--if you say something with confidence, you are right! I thought with banks we will see more gentle writedowns. Those CEOs have no idea what's going on. Boost for banks will come from overall economy improvement. THat can happen when oil price will adjust to reasonable level and companies will start hiring again. We are still in a dark tunnel. Terrorist supporting counties of OPEC must enjoy bringing America and the world down. They already bought stakes in at least one bank. Next thing they will own half of our banks. I wish America would fight for herself. We should not accept cash from just anybody.