Chemist29

Time To Buy Banks? Proceed With Caution.

Maybe this represents climbing out of the bottom, maybe not. Who knows if we'll test these lows again but it honestly doesn't matter, next time it dips, buy. it's really that simple, enjoy the rally for now!

Time To Buy Banks? Proceed With Caution.

Not to point out the obvious or anything, but you buy things when they are lower, not when they are higher, so you get more shares for the same cost. Example, the news was TERRIBLE tuesday morning, USB is still earning its dividend, so I bought, at 22.1 and locked ina 7.7% yield. Now i'm up 30% on principle also. Obviously not all my picks have done that but you buy on weakness, when things are low. When the good goes down with the bad, thats when to buy. By the time everyone starts feeling good and cnbc says buy banks, theyll already be up 30%.

Financials: The Capital Infusion League Table

Wachovia just had to get more :P

Financial Stocks to Buy When the Market Reverses

I agree with DSX. Plus, Bank of America hasn't eaten very much in losses relative to its size, it's still chugging away making making profits...yes profits, and paying out a fat dividend (thats safe), along with WB and C, which hopefully wont cut its dividend...eh (i'm long WB, C, and BAC)

The Credit Crisis and Potential Shorts

shorting financials was the play almost a year ago...now is the time to pickover and go long, just like buying commodities and shorting the dollar was the play 5 years ago, chasing performance is why people dont beat the market.