rayman

Friday's Options Recap

longed some ACN calls myself, seems a.o.k., not getting too heavy on it though just yet......giving it time
MAY

Foreign Bank Stocks: Irish, British Lead a Sea of Red

I disagree completely with the negativity of this article. This article fails to mention that some banks are actually doing well, and it's taken completely from a chart basis with no fundamentals to support the facts. Actually BBD raised it's dividend. UBB actually did a stock SPLIT last year because their stock was so high and it's actually done not too bad for the year (*disclaimer, I don't own any of them now, but made some pretty good money from the *long* side whilst watching US banks plummet, or as they would say in Brazil *el tanko*).
As far as the comment: "In fact some of the global bank stocks have performed equally poorly or even worse than US banks."
Yes, you should say "some" and not present a complete list with high quality banks.

Unfortunately this article may have been written also right after the big Stanford Financial scenario.
If I were in an investor, I would start small positions, but, however, I think pullbacks in some of these banks present buying opportunities, especially some of the larger emerging market banks such as UBB & IBN.