Naz News, Gappers and FLE's

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Odd thing is...I remember Dick Bove being really bullish on the banks for quite a while, and then I believe he announced on CNBC that he sold all of his bank stocks a couple of weeks ago.

Quite a turnaround in his rhetoric now...LOL

The thing is, I think everybody knows the banks are going to have it rough for the next few months. We certainly believed it here. That stemmed from the fact that the stress test was bogus, and from the accounting rule change regarding mark to market accounting that the FASB put through in the first quarter.

These critters (the banks) will be hurting during the next few quarters, in my opinion.