... I'm not a big long time holder of stock.... This makes me very tempted.
the origional Plan was to pick up financials and own only them at this point. roll them over and wait for the next cycle.
I'm wondering if we will heal the market up at this level... and start moving up for a few months...
Sunday, January 27, 2008
Portfolio madness
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3 comments:
I tend to agree, but I'm still choosy about which financials to hold. In the event of a recession, all sectors will get hit, but a lot of this is baked into the XLF already. Regardless, bankruptcies will occur somewhere in the sector.
The two stocks I particularly like on the long side are GS and WB. GS seems bullet-proof. These guys zig when everyone zags, and seem to be the smartest guys on the planet. They have currency hedges and cover all the vulnerabilities in the market. They also benefit when interest rates decline.
WB says their dividend is secure, which I know can change, but at 7% this looks appealing. Add to this a 3.1 short ratio and the downside looks limited.
Eric, when was the last time the financial sector went down in a year that the fed cut rates?
Definitely....
Financials are very bullish.. I was still up on them by 1% after a negative 150 on the dow.
That financials were trading below book was what I was looking for...
Continuing to look for sectors near book Is going to be the way to play the bear... I think.
I agree, there are some financials that are going to ZERO...
I'm hoping for 12800 or 1470spx But it could be my desire to just rest up for a few weeks....
Most the financials with secure dividends should start trading like bonds...
GS just started an office here... I was tempted to go beg for a job.... or just get one.
The days of Fed Gradualism.. may be over.... how about putting that into the model... what if they lower 50 % then say "in may we are going to start raising it, get your money while you can?"
200 point intraday swings... I was remembering this weekend when the market moved 20pts in a day... and down 100 was epic.
Tony, right?
I'm sketchy about specific recomends. but of the big regionals.
Definatly
wfc
wb
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