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Tumble, Plunge, Plummet, Bailout Words You Don t Hear at Market TOPS

Posted on July 10, 2008

This is not a bottom call.Dick Bove infamous and despised now by me for calling Citibank (C) The Byy of a Lifetime back at $22 on CNBC is probably out somewhere saying it s now the buy of your grandchild s lifetime and the buy of your lifetime is now Fannie Mae (FNM). Once twittish statements like this completely disappear from CNBC and major financial publications, we can truly work on a good bottoming process.It s also not a run for the hills, get to cash call. I gave most of that speech at the end of January and have been light since most trends ended than. BUT, as I wrote a f...

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