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To: MythMan who wrote (382172)3/15/2009 3:42:59 PM
From: Giordano Bruno  Respond to of 436258
 
Yeehaw!
Bulls and value investors on Wall Street have been busy this weekend selling the notion that the forthcoming changes in accounting rules, and the fiscal and monetary solutions to be agreed upon at a G-20 Summit in the first week of April, make a solid case for aggressive purchases of Bank of America (BAC), Citigroup, JPMorgan Chase (JPM), Morgan Stanley (MS) and Wells Fargo (WFC). One hedge fund manager is looking at an 80-100% rise in BofA and Citi, and 30-50% gains in JP Morgan, Morgan Stanley and Wells Fargo, by the end of this month.

seekingalpha.com



To: MythMan who wrote (382172)3/15/2009 4:31:17 PM
From: Terry Maloney  Respond to of 436258
 
Thanks. Looks like they're trying to whistle past the banking crisis ...

btw, did you see this?

nytimes.com

The money quote:

A 29-year-old man who works for a large investment management firm and was at Bagatelle’s brunch one recent Saturday and at Merkato 55’s the next, put it another way: “If you’d asked me in October, I’d say it’d be a different situation, and I don’t think I’d be here. Then the government gave us $10 billion.”


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