jdl51

Should You Invest in Banking Stocks?

Betting on financials, or the market in general, to go down this time of the year is more often right than not. We are still feeling the effects of the meltdown in real estate but things are less bad than they were a year ago. I sincerely doubt that BAC and C have hit their highs and anyone holding these two, especially BAC, should make out very well in the long term. 0% from the Fed, 5% mortgage rates and 14% +/- on CC added to BAC's Merrill acquisition, it would be almost impossible not to make a ton of money.