Market ran Big due to deal, but now that its hear, the real dirt will start coming out , they have a lot of cutting to do, and its not going to be pretty, its like putting your money on red or black right now, and i think the market due for huge correction before heading back up higher
Sentiment: Strong Sell
You can play the all cash game every week if you want. Najarian went to all cash last week, and he missed two or three great up moves by the market. It concerned me to read his move but the same day nothing but good news on housing and employment, etc., But you never know who or what is right in this market except for old Warren Buffett. And I followed his example and stayed put.
Sentiment: Strong Buy
sad that u and your friends laugh at me when i told u guys don't worry next week will be the next week in history,,,,, well here u go you will see the best 3 month coming starting tomorrow morninh buyyyyyyyyyyyyyyyyyyyyyyaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
Sentiment: Strong Buy
y Alexandra Scaggs
After a year when Bank of America BAC +3.88% stock more than doubled, Evercore Partners emphasized its bullish view on the stock for the New Year.
The investment bank says the nation’s second-biggest bank by assets is its top pick for a large-cap bank in 2013, adding it to its conviction list.
Analyst Andrew Marquardt thinks the capital concerns are “behind” BofA, so investors will start to focus on its earnings power, which the analyst has high hopes for. He sees 2013 EPS at $1.69 a share, 76% above consensus estimates, as measured by Thomson Reuters.
BofA replaces Wells Fargo as WFC +2.33% the analyst’s top pick, one of the several banks he cut based on lower earnings expectations since banks will struggle to improve margins because of low interest rates.
Bank of America, however, has more control over its earnings power, Marquardt said, thanks to expense cuts and the ability to reprice its debt.
In upgrading the best performing Dow Jones stock of 2012, Marquardt follows in the footsteps of Meredith Whitney, who upgraded shares last month.
BofA shares so far on track to continue amid a broad financial rally thanks to the fiscal-cliff aversion. The shares are jumping 4.5% to $12.13, the stock’s for the first time above $12 since May 2011.
Not sure you people realize how Much USA is Debt, and how much of the problems have been solved so far, all they did was kick the can down the road again, Market trying to get a few more bag holders in , before it comes back to earth , the market ran really big, yes i agree, but it was buy on rumor of debt crisis being solved, they come to a agreement ton the cliff, but the deficit ,Nothing has changed, how are they going to pay the post office, that is another disaster in the making, just to name one, im staying out of market for now