Explanation, anyone?

[cryowizard]

Ok, so what's the explanation for this one?

Wachovia (WB) missed all estimates, wrote off $8.6 billion, slashed dividend by 87 cents and it's up 27.39%...?

Comments

[vavchuga.livejournal.com]

too big to fall?

[asol55.livejournal.com]

http://bloomberg.com/apps/news?pid=20601087&sid=ahB138fvb1C8&refer=home

[cryowizard.livejournal.com]

Based on nothing but hope that Steele can turn it around...wow...truly this shit has become based on intuition rather than information :)

[a-lazy-legend.livejournal.com]

It's "public sentiment" and yes, the market is governed by it.

[cryowizard.livejournal.com]

Screw the public and screw their sentiment. Gimme some numbers!