Monday, November 12, 2007
More News to Digest
The big banks appear to be snapping back into the green again. Citigroup (C) and Bank of America (BAC) should lead the charge if this happens. I still like our chances for a year end rally as wall street wants to finish the year off on a high note. It has been a volatile year for stocks, but profitable for the most part. Etrade (ETFC) is continuing its spiral as more analyst downgrades have come out, and some have the talk of bankruptcy. I think thats a little extreme, but the stock is responding, down 40% this morning. If I was someone a little more plugged into the situation, I'd say it would be worth buying just for the brokerage business, but there are too many unknowns.