How Dick Bove? How is this possible? Here we are in the middle of the furious V-shaped recovery we keep hearing about and you want people to do what? Take money off the table in bank stocks? Surely you were just misquoted when you said they were running on "fumes". Exactly how loaded did Kenny boy get you on that BAC victory flight? What possible celestial alignment could lead you to say this?
"The rational investor would step away from psychology at this point and take some profits," he said.
Bove said bank earnings will not improve in the third or even fourth quarter this year. "Many of these companies will show losses," he said
But who is going to step up and make those 'buy' recommendations on banks that frequently produce side-splitting laughter from now on? Oh right....that's who.