S&P = Stupid & Poor

Sorry to say, but I find it pretty much ridiculous that Standard & Poor's decided to warn investors about C and BAC at this point of the economic timeline. Weren't these the same people who pleaded the First Amendment?

Whilst its comments about BAC may be true since BAC is one of the few larger commercial banks with more debt than cash, its comments about C are a bit unfounded.

Even with a very conservative estimate, I think C could go up by at least another $1 over the short term. It has a lot more cash than debt and based on this alone, its market cap is way undervalued. Its ROE isn't that bad and its 200 day moving average is at about $3.9967.

However, I do have to sigh that sometimes, even if a trade is based on logic, it might still not work out. I've been waiting for C to go up forever and keep getting in at the wrong levels. How frustrating is that?

Very!