Strong Start Out of the Gate

Out of the gate this morning the market was looking a little stronger. Some of those early gains have subsided but the big story continues to be bank earnings. This morning on Money for Breakfast I talked to one of the leading authorities on the state of the financials, Dick Bove, an analyst at Ladenburg Thalmann. Also joining us was another expert and Managing Director at Burson-Marsteller, Jason Schechter.

We talked about everything from Dick’s controversial research piece this past weekend entitled “Who’s Next?” implying which bank might be next to fail and if he believes the SEC’s rule changes on naked short selling make sense or if they have simply failed to do their job. Take a look. Dick makes some excellent points…as usual.