Financial Cents

Calling Today A Short-Term Bottom for Financials

Short term bottom as in one or two days? Yes. But longer term, more and more banks will fail and I believe that most financial stocks will continue to go towards 0. This is not the time to buy any stocks, folks.

A Look at Bank Failures; Backstop With FDIC

I do expect more banks to fail. This is a given as the government simply cannot bail every bank out. But with more and more banks collapsing, FDIC may not have enough funds to cover all the insured accounts. What if the FDIC fails? Oh my.