Dick Bové: Buy, Bitches, Buy!

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That business he mentioned a few weeks ago about “suspending investing since all stocks are likely to fall now,” getting liquid, and finding a “safe haven” where you can draw the blinds and lay low until things blow over? Forget he ever said anything.

From: Richard Bove
Sent: Wednesday, August 24, 2011 10:17 AM
Subject: Buy Banks
A month ago on CNBC on two different programs I indicated that bank stocks should be sold. Now they should be bought. They have fallen too much.
Richard X. Bove

A line has been drawn- in the sand!

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La Bové is back.

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When regular old bank analysts switch firms, people don't tend to make a big deal about it. Gardening leave is taken, contracts are signed, key cards are distributed, new business cards are printed. Sometimes you'll get an email address with updated contact information. That's usually it. Dick Bové, as you all know, however, is no regular bank analyst. Which is following his departure from Rochdale Securities, potential employers didn't interview him, he interviewed them, why his son/spokesman, Joe Bové sent out a press release announcing the final countdown to Bové Day, and why, when that blessed day arrived, it was celebrated with a three-course banquet and a little something called the Dick Bové Banking Manifesto.

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