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Sirius XM Holdings Inc. Message Board

  • cjclink3 cjclink3 Oct 25, 2013 3:08 PM Flag

    Arbitrary Expectations except for Banks

    Do you notice how expectations are always high for tech companies? No matter what they deliver or forecast, they were just a little below "analyst expectations". However, note the bank earnings reports over the last month, mortgage business going down, all of them laying off 2500-3000 employees, litigation, and all those off-balance derivatives on their books which they don't have to report. However, no matter what they report, all the analyst call them up with a buy, say ignore the bad news, "they are iimproving". Watch the Fast Money boys, all ex-Goldman, bank/brokerage guys. Ignore the, buy, buy the banks. The economy just can't go forward unless the banks go up.......a self-fulfilling prophecy.
    I hate Goldman and the rest of these guys...

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