% | $
Quotes you view appear here for quick access.

BB&T Corporation Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • ayscuew ayscuew Sep 5, 2011 7:45 AM Flag

    The week ahead!

    Happen to agree with you boat. And now the US government has a $196 billion lawsuit against 17 of the largest banks. I believe that the market will continue to tank till the bank problem is fixed. Have no idea how to do that.
    Is anyone buying tomorrow??

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Italian banks plunge. Trading halted in some. Rumors of runs on banks in Italy. Who would have thought it? Hehehe

      • 1 Reply to inlet_boater
      • Clear to me that we have a dual economy in the US. The first economy derives a large % of their sales from emerging countries. This economy is doing very well. It includes companies like intel, microsoft, abbot labs, catepillar, john deere, cummins etc, freeport mac, tiffany, coach, jp morgan etc.. Primarily S&P 500. Their sales are increasing at or near double digit rates and their worldwide employment has been growing nicely. Many pay a nice dividend - double a 10 year treasury. The piigs fiasco to date has not had a big impact on their business. Despite the contagion, S&P 500 earnings imo will be in the $100 range in 2012.

        The second economy derives the vast majority of its sales from the US. This economy is not doing very well. It includes companies like best buy, toll brothers, whirlpool, us steel, hca, wells fargo, us bank, bbt etc. Their sales and employment are essentially flat. The second economy also includes many small companies which will face significant added costs if and when Obama care is implemented.

        I've been a buyer of the first economy and high quality regional banks and will continue to do so if they continue to get murdered.

37.03-0.84(-2.22%)Sep 26 4:02 PMEDT