prospector

Financials Offer Patient Bulls Many Opportunities

Now really IS the time to be getting into the financials. Most of the financial stocks are 1/2 OFF!! When my wife goes shopping for those 1/2 off sales in the name of "saving money", I fear that I may go broke from all of the money she's about to save me!

I tell you, in June of '07 every single financial stock was properly valued.... every single one. Whether it was priced at $400 per share or if it was priced at $20 per share, the stock was priced correctly.

Sure, Aweful August rolled around and cut the financial stocks at the knees and those holding bank stocks got hurt.

If you're new to the game, you almost have to take advantage of the opportunity to snatch up some financials now. At the very least, scale into them buy as the price comes down. What this affords you is the opportunity to play in this down time. If you keep waiting for the bottom to arrive, you'll miss the opportunity to double your money.

In 1990, the financials lost half their value. In 1991, 14 months later, they had made a full recovery. In 2007 financials lost half their value. In late 2008, you can expect the same thing.

Now is the time to go shopping for financial stocks. If I bought a stock at 1/2 off yesterday and today it's on sale for 75% off, I'm not mad that I over paid yesterday, I'm thankful that I get to save more money t oday!