This could fall into the category of Invincible Wall Street, but it has a tinge of fear-greed in it that is wholly different.
Apparently, the CEO whose board approved dividends well into the crisis (Merrill board approved payments up to the very last...), has the vision/visibility to say that recovery may take hold in 2009.
I'd put 3:1 odds that BOA will have a big-bath 4Q this year, at a minimum; but that's just me.
Thursday, April 2, 2009
Eternal Rebirth
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