Europe is years away from recovery and with the current ING management team, the stock will continue to slide. While other stocks have recovered in the last year ING continues to drop. So with this double dip recession in both US, Pac Rim and European markets, ING has no where to go but down. Recovery for this stock is 2-3 years away at best.
This is not bashing at all. Look at the EU situation. It is as clear as black and white. If you are disagreeing with the assessment, then provide as to why the ING is going up without any good news or any kind of news that drive up the price...
"Look at the EU situation. It is as clear as black and white"
Hmm...remember, never accept any investment opinion the mainstream media tells you; especially the 99% class; they are way behind the curve.
You are right, ING price currently is not driven by any classic fundamentals; moves solely on market fluctuation and daily emotion volatility.
And for a good reason: ING performed extremly poor by all measures in the last 8 quarters, way below the peer bank group, plus burdened with the worst bank management ever.
If you want some honest opinion, try the professional analysts. They behave politely at quaterly CEO discussions; but their personal discussions and internal memos tells their real oponion. Buy 2 of them, read between the lines: ING is considered dead in the water.