makloda
Registered: Mar 2006
Posts: 6311 |
04-02-08 09:48 AM
Meredith Whitney, Oppenheimer:
- "The average bank, which was worth $100 last year and is now trading at $65, is really worth just $32.50."
- "There’s a ‘hooray’ from the stands, but investors don’t realize the bench has been weakened,” she said. “There’s no end in sight in terms of bad news.”
- “The market has been consistently wrong each time they tried to find a bottom.”
Richard Bove, Punk/Ziegel
- Bove Recommends Buying Financials `Very Aggressively'
- "I'm convinced that all the signs that you would want to see that would tell you that this thing is over are there. And this is over."
I have a good idea which of the two I'd rather have dinner with, but I am not so sure who will end up being right with their calls. Whitney called the Citigroup fiasco perfectly, Bove timed the top in brokers in July 2007 (see http://www.marketwatch.com/news/sto...eid=aolpfaolpf1). Clearly both are used to making bold calls, I wonder who will end up looking like a fool here.
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