Good Day To Buy Some Bank Stocks

V

vanzandt

Nothing like a little fuss over higher rates to get that sector moving a little.
I see they're not down much.
Probably just caught in the selling pressure.
Low hanging fruit.
Might wanna buy some before the experts weigh in.
Just as soon as everyone licks their wounds from today and reformulates things, the XLF will be heading to new highs.
 
vanzandt said:
Nothing like a little fuss over higher rates to get that sector moving a little.
I see they're not down much.
Probably just caught in the selling pressure.
Low hanging fruit.
Might wanna buy some before the experts weigh in.
Just as soon as everyone licks their wounds from today and reformulates things, the XLF will be heading to new highs.
More...
%%
XLF[bank sector etf is a good buy today;
sold mine earlier this month.............................Excellent liquidity+ volume
 
Last edited:
murray t turtle said:
%%
XLF[bank sector etf] is a good buy today;
sold mine earlier this month.............................Excellent liquidity+ volume
More...
Worst CPI in 30 years.
Wall Street is not Main Street.
Interesting times ahead.

As I type I see the XLF just went green.
There ya go.
The light in the house of whales just came on.
 
vanzandt said:
Worst CPI in 30 years.
Wall Street is not Main Street.
Interesting times ahead.

As I type I see the XLF just went green.
There ya go.
The light in the house of whales just came on.
More...
%%
FAS[bank etf X3]has had a super run this year\ but i have enough stuff on my plate.
Good volume + FEB drawdown of about 85%/LOL:D:D
 
Banks stocks? They do well mostly on the paper.

So folks say that bank stocks do well when interest rate is up. It is not as easy as that. Right now, analysts predict US economy will experience slow future growth. This is the reason that the yield curve has been flatening. The short term interest rate is rising. But mid term our economic growth is going to be slow. This is what stagflation is.

As for banks, consumers have so much cash in the bank right now. Banks can't find enough borrowers. Consumers are spending their cash. Businesses are still looking, not expanding.

So I do not favor bank stocks now. I may buy some S&P index funds when the valuation is good. Energy ETFs were great buys, but not any longer. It gets really hard to find any good sector market.
 
RedSun said:
Banks stocks? They do well mostly on the paper.

So folks say that bank stocks do well when interest rate is up. It is not as easy as that. Right now, analysts predict US economy will experience slow future growth. This is the reason that the yield curve has been flatening. The short term interest rate is rising. But mid term our economic growth is going to be slow. This is what stagflation is.

As for banks, consumers have so much cash in the bank right now. Banks can't find enough borrowers. Consumers are spending their cash. Businesses are still looking, not expanding.

So I do not favor bank stocks now. I may buy some S&P index funds when the valuation is good. Energy ETFs were great buys, but not any longer. It gets really hard to find any good sector market.
More...
%%
SOME tech ETFs + SPXL,sso UPRO are still doing nice Uptrends. Strong NOV seasonals for those. NOT in SSO @ close, not bank insured......
 
RedSun said:
But mid term our economic growth is going to be slow.
.
More...
I disagree with that.
Our economy is like a coiled spring right now.
They talk about the trucker shortage, well take a spin down the interstate. I have never seen so damn many semi's in my life. If there's a trucker shortage, again, I go back to my "coiled spring". Demand for goods must be off the charts.

I talked to to decent sized contractor yesterday and he said he has never been this busy. He's paying more for decent labor, but he's booked through 2022. Signed contracts.

Lets not forget the $1T that will soon work its way through the system. Stokes the fire.

I'm no economist, but when interest rates rise, and an economy refuses to slow down, banks print profits.

Every time our nasdaq has a big red day, which it should because it's a bloated pig, everyone instantly starts hypothesizing about how bad things are going to get. Whatever. Our economy is strong af, and yes there are folks that are feeling a pinch right now, but rest assured this will pass. The dust will settle, fuel prices will drop, supply will meet demand, wages will reflect the new normal... and America will press on.
 
You must log in or register to reply here.
Back
Top