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The PNC Financial Services Group, Inc. Message Board

  • beta_klumps2 beta_klumps2 Nov 8, 2012 12:50 PM Flag


    Not kidding, it is almost certain recession is coming this quarter, Boeing announce 30% cut here in Chicago right before Thanksgiving. This reminds me of the layoffs in the 1980's.

    Victor, Welcome. I don't recognize your name, but thanks for the kind words. At least I got through to someone. Did you sell your PNC in the mid 60's, it was a shrewd move, very overvalued in the 60's with a recession on horizon. It may be bigger than recession this time, not much left to stimulate the economy, interest rates are zero, it looks like payback time is coming back and austerity. Get prepared for some great bargains, like 90-95% off, remember, you have to do due diligence and financial analysis of assets along with a review of micro and macro economics before you commit capital. WEALTH DESTRUCTION will be rampant, just like the aftermath of a hurricane.

    Sentiment: Strong Sell

85.87+0.20(+0.23%)Aug 25 4:02 PMEDT