STAGECOACH A'COMIN'

I didn't expect to post anything today but when one gets a chance to say, "i told you so," one should take it. Now one Robin does not a summer make, but back a bit I wrote that this is one of the greatest moments in time for banks and the prospects for bank earnings. Comes today blow-out numbers for Wells Fargo. Had to happen and there is going to be more of the same. This might suggest that all involved take a deep breath and step back a moment to survey the landscape. Time and earnings cure a lot of things. But of course we are surrounded by geniuses and geniuses must act, must they not? "To do nothing is not an option." "Never waste a crisis." I wish I were a genius. Life is so easy.