D Ramses

Predicting the Financial Sector Rebound

I don't think we need to even pay attention to what the analysts have to say on this issue at all. Few, if any of them, got ahead of this downward spiral and as stated above no one, including the company operators themselves knows what their assets are worth. If I'm not mistaken, unknown companies riding on the hope of their potential are listed on the pinks, or are going to market in an IPO. We're talking about the world's largest bank whose assets are not defined by them but by a market they cannot control or influence. How much would ou put on a lottery ticket, because I'ma fraid that this is what Citibank has become. Granted 20 years from now this will have been a great buying opportunity, but do I want to wait 20 years to potentially double my money?!? Who is to say that 20 years from now the business that Citibank is in will even be viable? Wide sweeping institutional change could take place, will Citi adapt and survive? Yes, far flung questions, the point I'm trying to stress is every fundamental aspect of this company is now an unknown, between new leadership or lack thereof and a changing regulatory landscape who knows what this company is worth or where its going.

Time to Buy Financials? 4 Potential Picks

We are talking about markey psychology now, the technicals and amthematical formulas we've all learned no longer apply. The financials are now being reduced to baseball card status. They are only appealing to people who like to collect things and wait until the end of time hoping they gain some intrinsic value becoming the envy of other collectors. I say this because their strength as dividend payers is perilously close to the edge of a cliff.