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harout19

harout19
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  • Barron's rings the bell for financials (XLF), (KBE), saying business is improving even as their stocks go in the opposite direction. The TBTF's, regionals (KRE), trust banks, life insurers - all are cheap based on any number of metrics. "No catalyst?" How about better-than-expected earnings, an uptick in the economy, and even some loan growth? "There could be a stampede back into these stocks," says fund manager Matt Lindenbaum.  [View news story]
    The banks are smart and they will recover some how. Fortune 500 companies dont die out (usually)...on the other note

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    Oct 16, 2011. 04:14 PM | Likes Like |Link to Comment
  • Bank of America (BAC -0.7%) hits a new 52 week low of $10.13 and seems poised to test the single digit level for the first time since May 2009. Two QEs, essentially free overnight borrowings, a record-steep yield curve, and this is the result? Zombie bank indeed.  [View news story]
    My theory is that Bank of America CEO pissed someone on wall street and now they getting the CAN for it ... The bank is not in bad situation. They have enough reserves to cover the law suits and more. The bank is profitable and would continue to be if it was not for countrywide and its stupid loan issues. I just wish CEO would apologize to someone on Wall street so this dam stock can lift and fly high. I got options on this stock so i need it badly
    Jul 14, 2011. 11:48 PM | 1 Like Like |Link to Comment
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