Bernstein's target is $4. I really think that this rally will take it above $4.
If the economy continues to improve, SNV could make you 10 times your money.
Looking forward to what President Obama has to say in his State of the Union address on Tuesday. He will certainly stress on the million plus jobs added to the economy, stellar profits reported by American companies and the huge amounts of cash on the company books looking for new investments. The Iraq war is over, so we will not be spending Billion plus dollars a day. Time to focus on our domestic agenda.
Domestic agenda? As is trying to figure out how to next bail out all of the insolvent states????? California, Illinois, New York..... I'm curious how this debacle will echo through the private sector. Why is it so hard for people to live within your means? This is the punishment for gluttony. It is a change in culture that is required before this madness stops. As for SNV, I wish they were turning the corner, but I think NAV is right. Friday will be bad. Am waiting to see if there might be hope to re-enter. Let's see the damage first.