All hail anyone or anything that gives George Soros a problem!
Speaking seriously, I've only doubled+ in that period. Conservative choices and periodically taking money off the table because I'm at that awkward age of transitioning from acquisition to maintaining into retirement. When you need to worry about 30 or 40 more years of life, you can't be B2tW investor unless you choose to have a high probability of living in near poverty. May you live to see it and survive a long time beyond it Mr. S & Wpd ( aka lotw? )
They sound just the guy from Kentucky or the line from Monty Python, "You are charged with conspiring to do things not normally considered unlawful."
There was a pretty big jump in volume; 188% or 189% of average. The only real positive today was some less than definite happy talk from the Fed and some hope that the economy is getting better. I'm not being negative or excessively positive. There weren't any real positives or negatives; just a lot of people who are expecting ( hoping ) that things will get better in the 90 to 180 day range. Apparently, there is a lot of pent up demand for markets going up. I don't know if this is 401K & IRA money or just a need to get the returns historically associated with stocks. This in turn must have generated interest in WFC as a leading light of the financial sector. If that trend continues, and I don't see any reason that it shouldn't absent bad economic news, I'm bullish on WFC. I can see a 65 to 75 price just on this demand for quality with no real fundamentals underpinning that price. Downside is in 40 to 45 range. Those are just my feelings on following WFC ( and NOB before 96 ) for close to 25 years.
On a semi-related topic, Carl Icahn wants a buyer for Dollar General. I hope WFC is not one of the tire kickers!
But they have better things to do than post on a Yahoo message board. Like get their face on the 6:00 news, figure out how to get their hands in somebodyelse's pocket for fame, fortune and reelection or just crack the whip of power.
Well, there were a number of columns in various media a couple of weeks ago about somebody harassing the SEC trying to collect a whistle-blower bounty. The person apparently called the whistle-blower hotline thousands of times and was charged with harassment. Russell Ky apparently lost all internet connectivity about that time!
I have a suggestion for his new ID? What was WW II slang for German ( no, not kraut )? And, whose father was a WW II "hero" that kept saying capisce? Who asks stupid, trolling, dishonest questions? Who's overly impressed with himself. It all holds together, even if it isn't true!
Don't forget the reported Franklin Raines quote, "I don't care what the quality is. Buy it because quantity has a quality all its own! It means I make my bonus! That is quality" That is what it came down to from FnF. Make the bonus no matter what and now throw the failures back to the source! They need to be clawing back salary and bonus from the Executive Suite, auditors, ... of FnF. But, that will never happen because they are too well connected!
Found on a Financial web site sponsored by a prominent TV network, C__ Broadcasting Sy_t_m.
"OCC to cut number of examiners at big banks" Link not provided so Duck Duck Go it yourself!
Nobody seems to have seen fit to comment on this. And, with the collapse of the internet connections to eastern KY, there is no competition or whining about it.
What do you think? Is it good for banking, bad or simply irrelevant on this date and in this economic climate?
And, speaking as someone who has been privileged ( not ) to do his fair share of hiring over the past couple of decades, I can say joe ( denizen of Russell Ky or not ) has a valid complaint. He's paying a price for the sins of his grandfathers, great grandfathers et al! The generations of Equal Opportunity laws, associated regulations, etc. mean that any company of a certain size or larger is measured by the hiring of minorities. And, a white male is not and never can be a minority under present law. And, srjohnt has it exactly right. This is not the venue to whine about it. Go grump to your Congresscritter. WFC is doing what it is required to by regulators, EEOC, ... All it means Joe is that you were 1% better. You need to be 10% better, 20% better or more to get the job. If you want it otherwise, get the law changed! Don't come crying to us about it or your inadequacies!.