Investing to Wealth

The story of the day was Meredith Whitney who said she wouldn't want to short the banks into earnings season. Ms. Whitney has been dead right on the banks and readers would be wise to pay attention to her reasoning: She argues that because the banks have sacrificed their future in order to hit a home run this quarter. But that shouldn't be surprising: Recall that Citigroup (C) said just a few weeks ago that January and February were better than expected which led to a bank rally. The majors -- Wells Fargo (WFC) JPMorgan (JPM) and Bank of America ...