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  • News Flash: Major Market Turns Aren't Announced In Advance [View article]
    One would expect a pullback now in financials after this incredible run up, we might even be able to get BAC in the low 20s again. But seriously looking ahead 5 years from now BAC is back in the 70s and we're wailing and nashing our teeth, saying why!? didn't we buy. It's about balancing risk and reward, and I'd venture that BAC will be around 3-5 years from now and I think the next 100% move will more than likely be up. Further, HSBC might be one to consider too, as they seem to have flushed more flotsam away earlier in this train wreck of lending (asset valuation?) excess.

    The prudent will take positions now after big corrections, but still keep some powder try, maybe taking profits elsewhere, and leg into this beaten to a pulp sectors, banks, builders pharma, you've got prices here not seen in years, in some cases decades. If you can't enter a position now, stick with short term treasuries and watch your purchasing power evaporate 10 years from now.
    Jul 24 10:27 am |Rating: 0 0
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