Dick Bové: Hold Onto Your Hats

La Bové is back.
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La Bové is back with his first piece of "outspoken analysis" from the new shop

The former Rochdale Securities analyst met the media Wednesday for the first time since switching over to Rafferty Capital Markets, a small player in the field but one where he said he feels comfortable to continue his often outspoken analysis. Rochdale collapsed after a rogue trader in late 2012 brought the firm down. Following a year in which financials led the stock market higher, Bove said the industry is now in a position to continue that leadership role and reward investors who got hammered during the financial crisis. "What I'm suggesting is for the next 14 years — you'll have some setbacks, some recessions — (but) bank earnings will do what they did from 1992 to 2006," he said. "They're going to go straight up."

[CNBC]

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