Wall Street Manna

An irreverent look at Wall Street

Monday, December 10, 2007

Countrywide and WaMu

Both stocks had negative articles in the press this weekend. Both stocks are up today. Both are still buys.


At December 10, 2007 at 9:16 PM , Anonymous Anonymous said...

I've followed your articles and I find them informative. I was wondering what as your target for WM and CFC. An approximate is ok...Thanks.


At December 11, 2007 at 6:17 AM , Blogger Palmoni said...

WM -had a ratings downgrade w the dividend cut,(I thought the dividend would be cut to 6% yield-so the cut was greater also) which caused more sellers to come out in the afterhours..If the Fed cuts 50 basis points today with 75 on the discount rate, the banks will heal quicker..then 24 and 17


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