Dick Bove Channeling Donald Rumsfeld

Dick Bove, who recently said you should buy Morgan Stanley when it was trading for around $19 a share so you could get that beach house in Spain, now says NOT to fear the unknown. It was almost like he was channeling Donald Rumsfeld, and his unknown unknows pronouncement. Bove was essentially saying don't concern yourself with unknowns since when those unknows are taken away the bank stocks will soar. That seems quite risky to me, not to worry about what could happen in the face of a European debt crisis or if the unemployment rate continues to rise.

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Tagged dick bove, donald rumsfeld, know unknows, unknown knowns