THE BARRONS DYNAMIC DUO
9 May 2009 by Cullen Roche
2 Comments
Two good pieces this weekend from Alan Abelson and Mike Santoli over at Barrons. If you don’t read Barrons I highly recommend it….
A Surge in Botanists, by Abelson
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Comments
everyone and their mother knows that the stress tests were just not harsh enough. it was just a confidence builder plain and simple. and as meredith said, dont short the bank stocks until the “results” are out…..well…..lets see how big a set the hedge funds have now…..i think if they wanted to resume shorting banks, it will be like shooting fish in a barrel….there is no upside….so they should have no fear….
BAC to back to $3
Citi sub $1
besides, average joe never exhibited a revulsion to stocks as of yet….all he did was play ostrich by tossing his unopened 401k statements into a draw
this aint over for a long shot
i thought this barron's interview with Zulauf might be worth an a look now.
http://www.zuam.ch/pdf/Article/afterarally.pdf