Slow Is Fast, Fast Is Slow

Posted by Equity Private, Apr 16, 2008, 10:06am

master_obvious.jpgForgive me, but I have a hard time paying attention to the likes of Wells Fargo when it comes to market advice. (Then again, Goldman doesn't thrill me either, so maybe I'm the problem). It is, therefore, somewhat difficult to restrain myself from comment when their chief economist digs into bullish "market players" with the stinging description "bordering on delusional."

Remind me for a moment why I am listening to the chief economist at the firm whose latest contribution to financial innovation is... wait for it... online safes? (You just can't make this stuff up).

Goldman Sachs And Wells Fargo Warn 'Delusional' Investors On Stocks [The Telegraph]


Wells Fargo Plans To Sell Online Safes For Storing Vital Records [The Mercury News]

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Comments

Posted by guest, Apr 16, 2008 10:13AM

Well you finally got something right, you are the problem.

Posted by guest, Apr 16, 2008 10:13AM

Online safes? Isn't that like the Catholic Church offering childcare?

Posted by guest, Apr 16, 2008 10:15AM

More break-through thinking from finance genius'. Whats next - online porn?

Posted by ep, Apr 16, 2008 10:16AM

"Well you finally got something right, you are the problem."

Sorry, I didn't know anyone from Wells Fargo read DB.

Posted by bittergreen, Apr 16, 2008 10:17AM

Online Safes... Genius. Now I'll finally have a place to store my GTAIII:Vice City 100% complete savegame file.

Posted by guest, Apr 16, 2008 10:51AM

$180/year for 6 GB? You get that for free on gmail.

Posted by guest, Apr 16, 2008 11:04AM

This makes the Russian hackers job much more efficient

Posted by Investorcluzo, Apr 16, 2008 11:13AM

now tell me why anyone with common sense would buy "virtual" storage from a company that can't even keep its existing clients' info safe?

http://www.infowatch.com/threats?chapter=148831545&id=186875117

Posted by guest, Apr 16, 2008 1:01PM

WFC did a head and shoulders better job through this cycle than any of the other top mortgage companies so, why the attitude? Book value grows, no dilutive equity sales in the works, generally prudent lending standards. I think Kovacevich and team hav earned some credibility on this matter.

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