Banks--- Betting on the recovery Message Board

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Non-Tech : Banks--- Betting on the recovery

WFC 87.86

+0.6%

11:08 AM EST

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To: Drygulch Dan who wrote (1359)	2/16/2012 12:03:24 PM
From: Cautious_Optimist	Read Replies (3) of 1428

Assuming stock price represents value... Not just computers placing bets against retail common stock buyers. I think you have to keep focused on the long term of BAC. Can you trust them to disclose and ameliorate all the exposure?? Or will the Officers and middle management kick-the-cans, game the government, and keep taking their loot home??? Other than uber-short term hourly trades, I don't see a compelling case here near term, except for the DOJ. On the other hand, long term investors tend to do fine after colossal disasters. For example lets take the BP Oil catastrophe in the gulf. You could quantify the worst-case costs and make a lot of money as the stock price over-discounted for cleanup and an politically-driven end of all domestic drilling . The Oil Industry has a lot of friends in Washington and state governments. Nice, everyday citizens still don't get how it works, they just want their tanks filled and their credit cards and ATMs to work In BAC, their is so much about their accounting and possible pre-crash business practices we still do not know. Only their privileged armies of well paid accountants and lawyers know all. This is how many mega Corporations "git her done" today. Its a proven formula. JMHO

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