We really need a technician on this board. Now we know what BB&T is going to do earnings wise through 2013. But we get a 6% move today bottom to top. Now if that European bank problem resurfaces tomorrow, we will sink below $20 again even though BB&T has no foreign exposure.
norm & nobank: bone up on your technicals guys
Making your investment decisions based on technical analysis a week before earning's release is playing with tnt. In the long run, value trumps technical analysis. Bbt may be making its "run" now. It largely depends on next week's results.
"The fact remains that prior prosperity was in substantial part built on chronic borrowings, not internal economic growth. The vehicles of such borrowings are now under a blanket of pressures to recapitalize and reform their business practices. The Volcker rule, named after former Fed Chairman Paul Volcker who championed the rule as part of the Dodd-Frank financial oversight law, was just released for public comment. Its preamble is 215 pages, with 381 footnotes. The notion underlying the Volcker rule is to prevent banks that benefit from government safety nets, such as deposit insurance on customer accounts or access to Fed money, from using those funds to profit for themselves. Whether such a rule is good or bad policy remains to be seen, but any rule requiring two hundred plus pages of preamble with more footnotes, is bound to stimulate lobbying and retard investing. Many observers opine that such zeal to have government regulate commerce is at the heart of what ails the economy. Others point out that the excesses born from the combination of years of too much loose money and greed are the reasons more government regulation is needed. Regardless of which perspective is correct, the impact on business growth is going to be adverse for the foreseeable future and in that environment it is difficult to anticipate a return to prior economic glory any time soon."
Copied from Smarttrend, make of it what you will, but, Gov. needs to get out of the banking business IMHO.
Do like the insider stock ownership. Would say that not one share was bought in the open market. Kelly King got millions of dollars worth of shares in his bloated 2010 pay package. Still happy that the insiders have held a few of the shares that were given to them.