WELLS FARGO DOWN 25% ....

...as the Great Depression of the 21st Century Begins...

...Stock is now trading at $9.15 after dipping under $9.00. Thus Wells Fargo joins GE as a penny stock.

I might add that I used to bank with Wells Fargo but when I tried to get a loan for a used car ( a piddly $4000.00) they turned me down. I went to B of A and they gave me money for 3 cars. I switched to B of A.

UPDATE: WFC is now $11.14 -- Did I call the bottom? Is Lazarus a Contrary Indicator? ( I dont think so -- I think its just a short covering bear rally and expect more to follow )

LET'S HOPE I'M WRONG ABOUT ALL THIS.

And .... If you're looking to buy some real estate in Fresno .... dont let my rant stop you. CALL ME - I can help.

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