Bove Says Bank Stocks “Trading On Fumes”

August 11, 2009 at 7:31 am  ·  Category: Market Commentary, Stocks

The rational investor would step away from psychology at this point and take some profits.  I suggest this even though I am not changing the long-term buy ratings on my favorite stocks.

Dick Bove, Rochdale Securities, on the financials this morning

This report seems to be one of the key drivers of stocks this morning.

xlf-2-day-chart

Disclosure: Top Gun is short the S&P Financials (XLF).

Posted by Greg Feirman  ·  Trackback URL  ·  Link
 

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