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F is headed for nationalization or something equally disastrous for equity holders. It may double on news of Henry Ford being reanimated for a LBO.
GE is a financial, mired in resistance, and in need of a bailout, I would sell the stock and buy a blender.
WFC is a bank whose value is determined by the velocity and position of electrons. Stay away.
I spoke to a fellow who works at WFC. He’s buying as much WFC as he can, regardless of the egregious risks that entails. Maybe he knows something, but I suspect he will be making his last omelet when the eggs break.
[…] don’t want to boast, but here’s my first post, though it maybe too late ’cause it’s from Dec. ‘08. My […]