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
2 comments:
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.
Allen
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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