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« Analyzing Market Worries: Housing, Recession, and FASB 157 | Main | What You Need to Know About ETF's »

November 13, 2007

Comments

Josh Stern

Re: "the Big Day" - Well I was almost totally invested in volatile stocks on Tues. and ended up about 7%. I've been mostly selling winners since, since I've only lost back about 2/3 of that...

What I wanted to mention anyway, is that buried in the headlines today was the actual news from WFC:
http://www.bloomberg.com/apps/news?pid=20601087&sid=aifQ5VkJr3Sw&refer=home

Last quarter they had losses of 0.77% on HELOCs and .11% on first mortgage loans. They are very active in many national markets, including ones supposed to be bad. Does anyone here want to tell me that those figures weren't better than what the market was expecting? WFC is down with everything else, but I think maybe the news just got lost...
http://www.forbes.com/business/2007/11/15/wells-fargo-bank-markets-equity-cx_er_1115markets20.html


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