Ex-cuse me.... Do I look like an idiot?

Canadian bank earnings reports are all fantastic “ex-items”. Wow!! U.S. bank and broker earnings were all amazing.... “ex-items”....

Strange – because we were told that all of these bankers and brokers were “on the ropes” only months ago – and heaven knows NOBODY is doing any business anywhere today, so where is the hook?? Why the fantastic earnings reports?

It’s not that difficult really – look back at my first sentence in this blog and you will find the phrase “ex-items”

Read “ex-items” as “off balance sheet” or “fantasy”. You, the shareholder, are no longer party to the truth about the company you own.

You are given the “ex-items” version, or the “fantasy” calculation. How about “ex-truth”???