I don't often get 'personal', but having had a couple of direct exchanges with Dick Bove over his outrageous call last spring, I feel compelled to call him out. Here was headline of his "generational buying opportunity" for bank stocks last March:



Yesterday, with Wells trading near its 52-week high, Bove UPGRADED the stock. Within hours, concerns about exposure to Lehman paper and the $80-billion exposure to Helocs concentrated in CA and AZ had the stock down 10%.

Some analysts bear watching as contrary indicators. Bove qualifies on a par with Jim Cramer. Just sayin'...

If I was Cramer I would be particularily concerned about the 'torch and pitchfork' crowd. Seems to be single-handedly 'responsible' for providing 'advice' that has ultimately stripped many of whatever 'wealth' they had.

Remember the lesson learned from Depression Part 1. Most wealth was lost/destroyed by those who were 'buying on the dips' because they either thought or were told that 'the bottom is in'.

I don't think anyone is on par with Cramer. He is just a irresponsible lunatic.

Nice rebound for Wells today. Only 99 cents off of 52 week high.

Looks like an excellent "short" to me...