The losses the past 2 days have been nothing more than post election #$%$ and Europe! Seems like everybody is taking a bath. It amazes me how W/S knew all this stuff if Obama was re-elected and yet waits until he is to pull this stunt! Makes you wonder whose side the brokers and traders are on?
I'm not a fan of management or board as I believe they do not operate in the best interest of ownership, however, we should see between 8.10 and 8.30 when the dust from election settles. I would get out at 8.30 or plan on waiting 2 or more years. Look at the 5 year chart.
Seems like the excuse that Wall Street is giving today is about some Dodd-Frank Law. They didn't get upset about the restrictions all year long but because Obama was re-elected the all the banks are suffering. Seems as though W/S wanted Obama back in office but then again who knows?????
this was the first and last time i listened to my financial advisor with out checking the company myself.going to get bought out he said.did my banking with niagara til they started charging $5 for a tellers check.place was empty.should have been more observant.