Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.

J. P. Morgan

"Sell down to your sleeping point"

Monday, October 12, 2009

Sorry there is more

CNBC:

one of the economists that were wrong for 50% on the spx is out calling for a V... they like to point out some of the bears that are always bearish... but never the Dick Bove's who said buy banks since Jan 2008.

CNBC:
  • Your trading week Dow 10,000 and beyond
  • Earnings may offer pleasant surprises
  • don't miss bigger tan normal bounce,barton Biggs
They have pulled off the perpetual "Analyst says 10-20% correction."

1 comment:

Tony said...

Bove said buy banks since Jan 2009? No, to be more accurate he's said to buy banks continuously since at least Aug 2007 with only a 2 months hiatus-- Nov to Dec 2008 when the world was ending.

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