Seeking Alpha

"The only double-digit return you'll be able to get in 2012 will be in banks," Harris...

"The only double-digit return you'll be able to get in 2012 will be in banks," Harris Financial's Jamie Cox says, counting on the start of a real estate rebound. Cox is buying big banks because they're trading at low book values, but he's staying away from regional banks such as STI and ZION since they're centered in epicenters of the real estate bust like Arizona and Florida.
Comments (6)
  • buyitcheap
    , contributor
    Comments (1901) | Send Message
     
    Throw the homebuilders in too....
    30 Dec 2011, 05:17 PM Reply Like
  • User 487974
    , contributor
    Comments (1105) | Send Message
     
    Good luck man, you will need it!
    I am quite the opposite of you.
    I see an easy 20% decline in equity prices.Could be even deeper than that, but that's where I start.
    The dollar is strong and getting stronger.
    Gold, still in an uptrend can test key support all the way back to $1,000 an ounce.

     

    Housing?
    You need a minimum of 10 / 20 years before we get any sort of true "Return to normal" price movement in Real Estate.
    The economic damage loosed by the massive housing bust and then the repeated central bank intrusion / distortions to our once Free Market System, we have much work cut out for us as a nation.

     

    Maybe for New Years, governments worldwide could pledge to get real / serious on behalf of their constituents!
    We are being eaten alive by gangrene while the politicians who inflicted it stand idly by!
    Fingers up their proverbial as***, while we die a miserable death!
    We have to get someone, somewhere who will rise above this insanity!
    The power of one.
    The power of the individual!
    Happy New Year...
    Jerry
    30 Dec 2011, 05:34 PM Reply Like
  • buyitcheap
    , contributor
    Comments (1901) | Send Message
     
    My post was sarcasm, apparently, not obvious.
    30 Dec 2011, 09:33 PM Reply Like
  • Onlinden
    , contributor
    Comments (120) | Send Message
     
    Forget banks -- what a terrible idea -- get double digit returns with little risk in MLPs, the closest thing to a free lunch there is.
    30 Dec 2011, 06:23 PM Reply Like
  • Uncle Pie
    , contributor
    Comments (3478) | Send Message
     
    Why even bother with the American banks when you can own the Australian and Canadian banks at reasonable valuations, with excellent dividends, and WITHOUT all the problems of the broken banking system and the shattered real estate market in the US?
    31 Dec 2011, 08:01 AM Reply Like
  • buyitcheap
    , contributor
    Comments (1901) | Send Message
     
    crap, this guy's bank call (and my sarcastic builders call) may have been right on for a nice quick flip.... :-0
    11 Jan 2012, 06:17 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs