Financial Stocks Have Bottomed, Meredith Whitney Wrong

What a cheerleading hack.

We are "bottoming" out. What that means is, it will not go down much more, but very slowly, and take too long for all your "ADD" youngsters. Same with housing. Way to much pent up demand for that to go much lower, but it will take "forever" for it to go up much again.

this guy is just plain crazy.

Where was Brown a couple of years ago, warning about all of this? So many of those that missed the whole collapse are the first to tell us it's all over. His advice is dangerous.

Bottom has not been reached. As long as foreclosures continue to rise bank stocks will be under pressure, especially throught the end of summer. Slow recovery beginning November/December. Many banks haven't finished recording problem loans.

Give me a break. The fraud and cover-up continues. The Feds continue to back-up the financial system with an open check book. Meredith is right-on with the truth. Unfortunately the bail out money will continue to flow and the truth masked. Hang in there Meredith and keep up the good work of exposing what is really going on.

Stocks are driven by earnings and earnings are driven by consumption. If you believe that the American consumer with rising unemployment, rising inflation, stagnating wages, record personal debt, falling house prices is going to go out and spend more and borrow more from banks to finance more conspicuous comsumption and that banks will loan them funds to finance this as freely as in the past and these consumers will then pay the banks back this time and drive up earnings; then buy financials.

If you are in it for the long term, even a couple years, you should do very well with the financials. Its you fools (like myself at times) who watch every day thinking the world is ending.... You just need to get in with reuputable finacials at this low point and wait it out and you should do extremely well.

ROFLMAO!!!!! These 2 guys are 2 of the biggest shills I've ever seen sitting together! FADE THIS NOISE! BANKS ARE WORTHLESS!!!!!

Just how can the continued drop in housing prices (collateral for all those creative financing schemes) bring about a surge in financial stock valuations? Even Greenspan is trying to cover his pile of ****. Sounds like someone is on commission and needs the fees/bonuses. Absolutely amazing. Everyone who follows that advice derserves exactly what they are going to get.

well he is prob right on over negativity..just seems like the investment banks wont have the earnings power ex leverage...but commerical banks probably over done

Up... Down... Bottom... Top... Everyone has an agenda. Get a real job on a dairy farm shoveling the real thing.

http://www.marketwatch.com/news/story/browns-second-curve-hedge-fund/story.aspx?guid=%7BC84873E0-3B92-4931-A56B-C30774F8F7F8%7D He's back with more horrible predictions! Yeah, right, Tom, we all would have lost as much as you apparently did if we had followed your advice to load up on the now defunct subprime warehouse lenders, like LEND. Tom Brown is a contrary indicator on financial stocks in the past couple of years -- he was in denial during the subprime meltdown, and has been giving horrible advice all the way down in the banks.

Too many fearmongers out there. Please tell me one word of what this guy said that does not make sense to you. This is probably one of the best opportunities to get in on the hurt financial sector. Do people really think that all these HUGE banks are going to go out of business! Give me a break!

Tom Brown’s investment firm lost nearly 50% of its value in 2007 due to bets in financial stocks... Do I need say more?

I hope this guy is 100% invested in financials especially Wachovia. He deserves it.

Blodgett really is shameful, not doing his job pointing just how wrong Brown has been through the whole crisis. Two losers of a kind, trying to re-invent themselves! Brown attacking Meredeth, who has been right all along, shows you what he is made of - bluster, intellectual dishonesty and desperation.

Absolutely right. The financial stocks have bottomed. The banks will either go up or go out of business. The second choice is hardly possible, so they WILL go up. Isn't it strange how most people follow the herd. There are plenty of commentators here going the same and talking doom and gloom. They are the same people talking the market up in a boom!

"You can go back to March, and say look, that SHOULD'VE been the bottom. It had the same conditions that make the bottom today..." yea...

Finally someone who has some brains, it is obvious to me and anyone with an IQ higher than 50 that this has been over-blown, roubini is a pos who thinks hes god and his crap does not stink. As for meredith the bulls are going to have a lot of fun with her, better get the vaseline out Meredith, you are going to need it!!