The Battle Over the Bottom in Financials
Another fun discussion with Henry. As you can see, I have trouble forming an opinion . . .
Note: I have a great deal of respect for Tom Brown -- like Dick Bove, another smart guy I hate being on the opposite side of a trade from -- but he has simply been way too early in his bottom calls.
Source:
Street Fight: Analysts Battle Over the Bottom in Financials
Henry Blodget
Yahoo, August 12, 2008
http://finance.yahoo.com/tech-ticker/article/47121/Street-Fight-Analysts-Battle-Over-the-Bottom-in-Financials
See also:
RBS slumps to one of biggest losses in UK banking history
Angela Monaghan
Telegraph, 10:35am BST 08/08/20081
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/08/08/bcnrbs208.xml
Wachovia boosts loss to $9.11 bln, cuts more jobs
Jonathan Stempel
Reuters Aug 11, 2008 7:02pm EDT
http://www.reuters.com/article/newsOne/idUSN1139894220080811
Michael Price Shorts Citigroup, Sees Few Banks to Buy
Jeff Kearns
Bloomberg, Aug. 12 2008
http://www.bloomberg.com/apps/news?pid=20601213&sid=a57Gqx3lxcc4&
Thursday, August 14, 2008 | 12:30 PM | Permalink
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Comments
So any thoughts on what to buy puts on here?
KBE or KRE? I looked at calls on the SKF but I guess I dont have the brass for that trade.
Posted by: jason | Aug 14, 2008 12:57:22 PM
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