Wednesday, July 23, 2008

BANKS: MOTHER OF ALL SUCKER RALLIES...?

THE RUN UP IN BANK SHARES IS CLEARLY FOR SUCKERS AND THE DAY TRADERS WHO LOVE THEM...QUOTE FROM TITLE LINK...

"But it has now been a year since the credit crisis erupted, and, so far, the optimists have been proven wrong time and again. Skeptics say it could take years for banks to recover from the worst financial crisis since the Depression. And even when things do improve, the pessimists maintain, banks’ profits will be a fraction of what they were before."