Replies to post #210402 on Naz News, Gappers and FLE's

[iconoclassic]

Mikey...A couple of articles on bank earnings and outlook that I was just reading...

I don't really want to argue with you, and I know that you are honestly optimistic as compared with my overall cynicism and pessimism......

But you know I have always said the banks positive earnings this last quarter were a result of accounting changes, and I suspect that we will see some problems/downgrades as the year progresses...

That said..I was long and strong on BAC on Friday, however I sold before the close...

These are worth a read, even for a perma bull:)

http://www.thestandard.com.hk/news_detail.asp?we_cat=16&art_id=83419&sid=24225206&con_type=1&d_str=&fc=1

http://www.bloomberg.com/apps/news?pid=20601109&sid=alC3LxSjomZ8