hey larry,CNBC,is not a retail guys friend, they are on TV, to F people over, they are in the Pockets of the wall st. hacks,
that guy anthony scaramucci was romneys campaign finance MGR? forget the losers you see on TV, its the owners of that station who determine what maria,and the rest of those guys/gals say,for all I know the owners have shorts on and are trying to push the market to make $,wall st. is Algo's HFT's, and Inside info,throw in CNBC,its no wonder the retail guy gets it in the #$%$jmo
Gotcha - thanks. When it's all said & done, there'll be some kind of compromise reached, even if it extends into January and they have to invoke retroactivity. Whatever it is, though, I'm pretty sure it won't make me happy but I'll just soldier on.
As far as MS, I see it meandering for a while but I think it will be around 21-22 into Feb/Mar if not before, imo
I agree. They will kick the can to at least the 30 yard line, which will be enough to stabilize the market. We still have debt ceiling and big spending bills ahead. MS is very undervalued, but concern seems to be new regulations and their effect on revenue and of course earnings. I think the economy is finally getting its feet under it, and with a positive cliff outcome, we could hit 4% GDP this year, which would be very bullish for banks trading under book value like BAC and MS.