The $GS fallout hung over the market on the open but early on we rallied on the back of good $C earnings and have since come back down a bit. This morning there seemed to be a decent sized “Buy the financials dip” contingent on the StockTwits stream. Here’s the morning buzz:
The financial sector has had great earnings so far, and $C was no exception this morning. Many people are looking to add exposure on any pullback, $GS news be damned!
@pvitha raises a great point. Instead of putting your money in a savings account yielding 0.1%, put it in the equity of the bank borrowing at that rate, in this case $C:
More improvement on the economic front:
We actually covered this on Overheard back when they were the same price. $AAPL is one case where the “real” economy is outperforming the financial economy:
Will this be the year the old adage proves true? With the run-up we’ve had, it may indeed be the case: