XRTrader

John Paulson: Long Financials

DOES ANYONE ON THIS SITE ACTUALLY TRADE? (kudos to the above posters who actually had smart comments).

Everyone is sooooo bearish (and i was at 12k last summer, but now the downside is limited to 10% in most sectors); i love the counting of failed banks. Yes, 77. Yes, it will reach 100 or even 200. Thats immaterial. those banks failed long ago. This has nothing to do with BAC, GS, JPM....these big boys have been saved by uncle sam, have huge spreads to work with, and are increasing market share as others fail. In 5 years BAC will be at $35 to 40. Good return if you ask me. Have been long since gov bailed them out near 5 bucks. will stay long.

and, for those of you who think a hedge fund like paulsons gets into and out of a 3 billion position in 1Q, try doing some home-work.