The game between Congress and the Administration is in full swing, but at the end of the day it seems that the markets will receive what they want: TARP, TALF, Bad Bank, Aggbank, accounting rules modifications and everything else.
One could have think that nationalization was inevitable, but the rally in some of those troubled bank stocks proves the opposite.
One could have think that nationalization was inevitable, but the rally in some of those troubled bank stocks proves the opposite.
Since Thursday we have a huge rally in some of these battered stocks: FITB, BAC, C, PNC, STT, BK, WFC and JPM (not) ...
Well, nobody knows what the real value is for these names, but we see buyers all over the place. Citigroup (ticker: C) saw a low at 2.80 USD. It only has to go to 5.60 USD to double.
Well, nobody knows what the real value is for these names, but we see buyers all over the place. Citigroup (ticker: C) saw a low at 2.80 USD. It only has to go to 5.60 USD to double.
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