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The 10 Dumbest Analyst Calls of 2008

Michael Shulman, January 1, 2009 Free Trading Guides

4.	"Investors can now buy bank stocks at their cheapest levels in almost two decades … the last time an opportunity of this nature existed to buy bank stocks this cheap was in 1990 …. the next time will be in 20 years. This is a once-in-a-generation opportunity."
	March 10, 2008

Dick Bove, a formerly brilliant analyst at Punk Ziegel. He is now on what one hedge fund manager I spoke to calls "full TILT." The banking ETF, the Financial Select Sector SPDR (XLF), is down 54% since this prediction.

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