When people see their neighbors defaulting and staying in their homes, they may start defaulting as well. This is probably going to heavily impact earnings for all the banks. I expect COF to fall short of earnings estimates. We shall see.
So Topsuperduperdufus - What then is your explanation and excuse for yesterday when the market tanked and COF bucked that system?
You aren't very smart are you?
Despite the market up today financials were largely dogged. COF did fine. Held its own Strong and
Luddite! Oh my - Shorts do like to call names. Very immature.
Target provides good value products - I like the store.
Keats - the market ripped up today while COF moved not a penny. You don't need a PHD in stock charts to see that there is no support for this dog. Take your profits now and buy yourself a new wig at Target, you worthless luddite.
Topsuperduperdufus : You do have this odd obsession with gorillas. Very odd and curious behavior. Freud might have a field day with this sort of thing.
Quite the carnage today given the vast analyst uprising. Man you called that one Dude!
Based on its company performance over the last year COF is bullet proof - tough as nails.
Fear mongering will get you no where fast....credit is only improving as outlined during the conference call -- once you get QE2 it will even start to lift the housing market. IN other words...this is a WIN-WIN-WIN scenario for Capital One!!!
A nation of deadbeats? Why pay the mortgage? Why pay the credit card? Nothing happens if I don't. Unfortunate for our future when contracts mean nothing. All that will happen in a forclosure freeze is that home loans will become unavailable and more people will stop paying.