From Dow Jone newswires...

Financial Crisis Is Over, Buy Banks (Dick Bove, analyst at Punk Ziegel & Co)

"The actions taken by the Federal Reserve were innovative, dramatic, and, in my view, brilliant because they went right to the problem," Bove wrote in a note to clients. "The actions being taken by the Federal Reserve are being mirrored by the Treasury, which now has finally grasped the scope of the problem."

"The last time an opportunity of this nature existed to buy bank stocks this cheap was in 1990. The next time will be in 20 years. This is a once in a generation opportunity."
This observer does not share Mr Bove's enthuiasm but admires his chutzpa. Unlike Marketwatch.com community member Inthebusiness (site bio: Fat rich American living the California dream) who had this to say about Mr Bove:
"THIS GUY JUST GOT BACK FOR AMSTERDAM - HE HAS BEEN SMOKING THE GOOD STUFF. I REMBEMER LAST TIME I WENT TO HOLAND, I CAME HOME AND THOUGHT GEORGE BUSH HAD LEFT OFFICE. THEN I REALIZED THE WAS THE MAGIC OF MUSHROOMS. HEY DUDE JUST SLEEP IT OFF, IT WILL ALL BE WORSE IN THE MORNING. GOOD NIGHT AND GOOD LUCK."
Brilliant - Happy Hols!

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