Podcast number 1 (May 6, 2009).
Banks on a roll.
Today, we talked about how banks are really making a move to the upside. Specifically, we discussed Wells Fargo, Citigroup, and Bank of America. We commented on how Warren Buffet said he believes all bank deposits are safe. He did say, however, that shareholders should not be guaranteed of anything. We also discussed how a quick rise in oil prices could stop any signs of a recovery and head us in the wrong direction again. Bob talked about his Beazer trade and how he is using options to reduce his cost basis and reduce risk. In addition to a blog post, Bob continues to feel good about Corning.