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BYU71 · 07-16-2008, 01:51 PM

Wow, Wells Fargo beat their earnings estimate and increased there dividend.

CNBC actually acted like they were pissed off. CNBC had some guy on yesterday touting his brilliance and he was saying Freddie and Fannie should be allowed to fail. Wipe out the stockholders. They did mention his hedge fund was short the stock at the end.

CNBC is good for information for someone to mull over. As far as following any advice on there, do so at your own peril. Those people are journalists, not financial guru's.

07-16-2008, 01:51 PM	#1
BYU71 Senior Member Join Date: Jan 2006 Posts: 5,084	Wow, Wells Fargo beat their earnings estimate and increased there dividend. CNBC actually acted like they were pissed off. CNBC had some guy on yesterday touting his brilliance and he was saying Freddie and Fannie should be allowed to fail. Wipe out the stockholders. They did mention his hedge fund was short the stock at the end. CNBC is good for information for someone to mull over. As far as following any advice on there, do so at your own peril. Those people are journalists, not financial guru's.