More Pots Call Kettles Black
Yesterday, massive downgrades in the financial sector.
Today, Oppenheimer cut earnings estimates for Bank of America, Citigroup, JP Morgan Chase, and Wachovia .
Citigroup Inc., the biggest U.S. bank by assets, will post a quarterly loss four times as large as Oppenheimer & Co. analyst Meredith Whitney previously estimated.
Last week, Goldman Sachs and Wachovia advised investors to buy financial stocks, a day after Merrill Lynch and Oppenheimer said the group may drop as much as 50%.
The Nattering One muses... before the skirt was lifted and all the crotch rot exposed...
as early as last July 18th...Punk Ziegel analyst Richard Bove recommended
selling shares of Bear Stearns, Goldman Sachs Group Inc, Lehman Brothers Holdings Inc, Merrill Lynch & Co Inc and Morgan Stanley,
saying the financial system was growing at a pace that could not be sustained by economic growth.
Today, Oppenheimer cut earnings estimates for Bank of America, Citigroup, JP Morgan Chase, and Wachovia .
Citigroup Inc., the biggest U.S. bank by assets, will post a quarterly loss four times as large as Oppenheimer & Co. analyst Meredith Whitney previously estimated.
Last week, Goldman Sachs and Wachovia advised investors to buy financial stocks, a day after Merrill Lynch and Oppenheimer said the group may drop as much as 50%.
The Nattering One muses... before the skirt was lifted and all the crotch rot exposed...
as early as last July 18th...Punk Ziegel analyst Richard Bove recommended
selling shares of Bear Stearns, Goldman Sachs Group Inc, Lehman Brothers Holdings Inc, Merrill Lynch & Co Inc and Morgan Stanley,
saying the financial system was growing at a pace that could not be sustained by economic growth.
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