Friday that it was extending the deadline on its due diligence of Matewan. What do you make of this? A friend tells me that this kind of occurence is relatively uncommon, and could possibly signal trouble, meaning that either BBT or Matewan has found something in the deal that it does not like, since the due diligence works both ways.
Think you could deduce from the relative strengths of the separate markets as to which institution asked for the extension even though the news item indicats jointly? You seem to be unaware of Business Week's item on BBT. BBT is just one notch down from G/S's "focus list." Now you have two guesses and the first doesn't count. Watch your short position.
the very near-term outlook for most financials looks good from here. With many banks expected to report impressive earnings next week, there's likely to be a run-up on their prices ahead of the formal announcements. I'm betting on it.