I think this is actually a pretty comfortable time to invest in banks, ... but a lot of people are flocking to financial funds right now.
More Quotes from James Schmidt:
They're on target with cost cutting.James Schmidt
The earnings were about a penny or two more than expectation, but because the source was investment banking, it probably doesn't excite the market that much.
James Schmidt
Merrill Lynch is way below its highs of last spring, ... This (Internet) announcement doesn't really reflect any change in their other business endeavors.
James Schmidt
We want to be a good neighbor, ... There's got to be a sensible balance.
James Schmidt
As an investor, you can take some reassurance in the fact that after an initial period of loss of business, there will be a lot of cash and insurance proceeds flowing into the area,
James Schmidt
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