Dick Bove Wells Fargo Downgrade Ignites Late Day Selloff

October 21, 2009 at 12:13 pm  ·  Category: Market Commentary, Stocks

On a day when the S&P peaked its nose above 1100 for a few minutes in the morning, the market ended up having a severe late day selloff as respected financials analyst Dick Bove downgraded Wells Fargo (WFC) to sell in the wake of their third quarter earnings report.

wfc-1-day-chart

spy-1-day-chart

Posted by Greg Feirman  ·  Trackback URL  ·  Link
 

Leave a Comment

Name required
E-mail required, won't be published
Web site