This is one scary rumour.
Over the last few days rumours have been circulating, fed by breathless US financial blogs, that Beemo is going down. The point of ignition is supposed to be Tuesday, when quarterly results are announced. According to the current merchants of fear, BMO will announce it’s missing a fat dividend payment of $1.5 billion. That will cause the stock to drop like a stone, and start a cascade of cash exiting the bank…
As you might imagine, a collapse of one of the Big Five – even a run on its stock, let alone its assets – would be ruinous for Bay Street, for the federal government, for shareholders, bondholders and the value of the dollar. In short, we’d all be reamed.
Garth Turner, who has been quite the prophet of doom lately, doesn’t think the situation is nearly as bad as the rumours are painting it. In any event, at least we won’t have to wait long to find out.
I love it when the “analysts” talk their book and the average joe goes ape shit. Sell, sell, sell while the hedge fund monkeys pick it up all the way down.
well Rob, looks that that prediction was shit - notice the business headline is “BMO BOOSTED TSX FORECASTS”. About as good as all the predictions you’ve made about Taliban Jack and the NDP queers.
Here’s the article, in case any of you serpents try and deny what I’m saying:
Bryan, has anyone close to you recognized your illness and tried to get you some help? They do know you’re batshit crazy, don’t they? With serious anger management issues?
So what happened to the quintessential Bryan post that led to my questioning his mental health?!? Do comments just disappear here without explanation?
I refuse to believe it.
Bryan must be responsible…
Good for you, Bryan…there may be hope for you yet.