"The credit crunch is way over-blown, the financials are being given away they're so unbelievably cheap...the subprime problem is a problem but it's a tiny problem in the context of this economy." August 18, 2007 FOX/INDU 13,079
"It's a buying opportunity--especially for the financials--maybe that I've never seen before in my entire life. Subprime is tiny. It's a tiny, tiny blip. I think stocks will be a heck of a lot higher a year from now than they are now." August 18, 2007 FOX/INDU 13,079
"The financials, as I keep saying, are just super bargains. Merrill, which is an astonishingly well-known company, do you know that a couple of days ago it was trading at barely more than seven times earnings? Financials typically trade at a low PE but this is a joke. This stock is, they might as well be putting it in cereal boxes and giving it away, that's how cheap it is." Merrill closing price 76.04
Monday, January 26, 2009
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