dead cat bounce, page-5

Ok we know that this subprime thing has led to credit squeeze and will have repercussions from business investment to consumer spending.
But how far has it got to go?
One bank not exposed to the subprime, Wells Fargo actually produced a profit of 16% which isn't bad in this environment.
OK earnings forecasts are not worth the paper they are written on so noone knows what anything is worth.
But at some stage earnings must start to gain some traction.

All this talk of dead cat bounces could be coming from lemmings.

Perhaps the Wells Fargo result may be an indication that things are not as bad as they seem.

It doesn't matter much to me, one way or the other. I still have a bit of firepower left.

I am actually hoping for resources to be hit next.

Anybody who signs off with "God bless" has me a bit worried. No offense intended.