Meredith Whitney: "I Haven't Been This Bearish In A Year" (XLF)
Meredith Whitney: "I Haven't Been This Bearish In A Year" (XLF) Joe WeisenthalNov. 16, 2009, 3:38 PM XLF Nov 16 2009, 03:59 PM EST 14.83 Change % Change +0.17 +1.16% Oof. Financials are taking a hit after Meredith Whitney told CNBC that she "hasn't been this bearish in a year." She's also calling for a "double dip" recession. StreetInsider bullet-points her comments: * the banking sector is "not adequately capitalized today" * sees another leg down in the residential real estate market when mortgage rates/prices begin moving lower. To this point, Meredith said she feels that there is still a...
Original Article: Forum: News/Activism
Tags: Banking Sector, Bullet Points, Cnbc, Double Dip, Meredith Whitney, Mortgage Rates, Moving, Real Estate Market, Recession, Residential Real Estate, X22, X27, Xlf