Good daytrade stocks you can take either side of the trade and profit. Short or long. But I would not buy/hold those financials.
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Fianancials shares rallied, yet fundamentals remain weak?
- Thread starter crgarcia
- Start date
.."3) Rules has changed, you can't short the key financial shares. "...
This upward boost from this is over (short covering, ie see SKF, back to where it started), stocks have gone down in the past just from normal selling.
Frankly, I think Oct 1987, comes to mind !
If no recession, yes XLF may have bottomed, so if the CPI and employment come out better than expected, then maybe.
Otherwise I dont think so.
Food inflation leads headline inflation by 12 months, and that party is not over !
This upward boost from this is over (short covering, ie see SKF, back to where it started), stocks have gone down in the past just from normal selling.
Frankly, I think Oct 1987, comes to mind !
If no recession, yes XLF may have bottomed, so if the CPI and employment come out better than expected, then maybe.
Otherwise I dont think so.
Food inflation leads headline inflation by 12 months, and that party is not over !
"There's a term for people/funds that were selling financials earlier this week: Bag Holders."
There's a term for people long financials over the last 12 months -bag holders.
There's a term for people long financials over the last 12 months -bag holders.