RE: THOUSANDS WITHDRAW MONEY FROM FAILING BANKWith all due respect Lushy but "the market has already priced in the recession" couldn't be further from the truth. The market couldn't organize a one man parade let alone have the foresight to price in a recession. Newsflash..........the US has already been in recession for 2 years!!! Skewing numbers to show imaginary growth certainly does not qualify as real growth. Anyhow the market (sheep) are more or less reacting to what tidbits the talking heads & spinmeisters throw their way. Most of the morons involved in the market can't think for themselves and need a "black box" to do the trading for them.
IMHO the completely incompetent boobs that are BMO management don't have any strategy for growth as there is virtually no opportunity for growth for the foreseeable future. With far too much excess in the market, that excess will need to be wrung out before banks have any opportunity for growth. That may be quite a number of years away.
AVOID BANKS LIKE THE PLAGUE!!!!!
GLTA