Tag: Wells Fargo
Get Ready For A Bumpy Ride…
Investors will be turning their attention to corporate bottom lines this week as third quarter earnings season kicks off. Unfortunately, it looks like the market will be in for a bumpy ride. According to the Financial Times, analysts are expecting “one of the worst quarterly earnings seasons since late 2009.” In fact, those who forecast […]
Financial Stocks – The Catch To Investing In Financial Stocks
Just the other day I was standing at a bank. I was there for some simple paperwork… and to open a new account. As I sat in the lobby, I was amazed at the number of people streaming in and out of the branch. I quickly realized, despite the horrible economic environment, people still need […]
Will The Bank Stocks Soar?
We all remember what happened the last time Treasury Secretary Geithner presented a bailout plan for the banks. The Dow plunged 380 points. It was a brutal, month long, downtrend to decade old lows. Before it was all over, the blue chip index had come within spitting distance of 6,500 and lost 21% of its […]
Are Your Assets Safe At The Banks?
It’s starting to happen. Slowly the government’s nationalizing the banks. They don’t want to admit it to the investing public… but slowly they’re taking control of each big institution. Citigroup’s (C) a perfect example. First they gave them $25 billion to “increase lending.” Now the preferred stock is being converted into shares. This effectively makes […]
