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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Broken_Clock who wrote (120378)5/5/2008 11:25:16 AM
From: Peter VRead Replies (1) of 306849
 
I think this COF story took over this morning, then common sense brought it back down close to flat.

cnbc.com

Karen Finerman

On April 14th the Chairwoman recommended a short position in one of the nation’s largest banks. At the time she said, We’re short Capital One and we're going to stay that way. I don't think we've seen the worst (in consumer debt writedowns.)

Finerman can’t take credit for this trade. In the last month shares of the company have turned, rallying since her call.

It’s time to get out, says Karen Finerman. It’s my bad.
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