Banc of America just settled with MBI for a song, sending MBI up 40%. As such, BAC is ripping too. Hell, the whole entire god damned banking sector can’t find enough buyers. Warren Buffet said he’s been buying WFC every month this year. The regionals are all up big and anything related to housing is up 50%+.
Even Fannie and Freddie are back from the dead, sporting 5 symbol stock symbols up 100’s of percentile a lot in recent months.
All of the government rules and regulations to curb risk taking hasn’t got in the way of some good old fashioned stock market speculation. The speculation is: the banks are bullet proof. Their balance sheets are strong and housing is driving fees again.
They may not be sporting 3x p/s ratios any longer–but the industry is clearly in bull mode.
I don’t own any banks, regrettably. Like others, I was brainwashed to believe “the banks are too hard, might as well look elsewhere.” Sometimes the blackest of rocks yields the brightest diamond.
The good news, as a whole, is that the economy should benefit from this banking renaissance. Auto and homes loans should be abundant and American consumerism will rake the path to prosperity, one Michael Kors bag at a time.
All things considered, what’s good for BAC is good for us all.
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hundreds of percentiles. lulz
I had so much $BAC from $5. Shit! I made something like 15% on it. Fail.
Hindsight is 20/20
and worthless
I let my broker talk me into buying some MBI at mid 8. Had forgotten all about it until he called me today to crow about it.
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You ought to stick with that avatar 😀
kool. its usually the other way that happens to me…lol
WTF, get outta heah, Mr. Limm!
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lol.
FSLR is going to $80
Really? Whose pumping that bogus state funded boondoggle bubble now?
Germany again?
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You must be in a cloud. These guys are literally dropping fusion bombs on Wall Street. Look what Dow Jones reported today- “Net sales rose 52% to $755.2 billion, reflecting higher revenue from power-plant projects and increased sales volumes for third-party sales of solar panels.
The solar company had projected earnings of 70 cents to 90 cents on sales of $650 million to $750 million.”
They exceeded expectations by more than $754 billion!
Indeud. Solar is the new hotness (no pun intended)
Mr. Wimm, busted.
on the other hand, that song was a hoot. they can’t be accused of false advertising, the magnetic zero’s met expectation
The market has seen it’s highs for the year.
dwarf cock sucker top caller
Jesuits
Pretty salty language around here, lol. Long KBE. Still long AAPL, KKR, ELLI. VMW and FFIV on a tear too.