But if your thesis is "it's 1990".... umn... that was the greatest buying opportunity to buy banks in a decade......
I imagine pullbacks will be scary, and... that will be where you earn your money.
People keep talking about pull backs.... and I think it's wishfull thinking... Again they will be range bound..... But where?
and money could STILL flow into them
Wednesday, July 23, 2008
Not sure if I want to be an ass or not
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Yup, KRE regional bank ETF has an even 6% yield. Five years from now, what will it be? (assuming Pres. McCain doesn't go nuclear on Canada.)
Ignore what I say-- that's my book.
I bet you are starting to feel a little better about that.....
I'd suggest that we could be ready for a little pain here.. or we are digesting some gains for a move to 24 xlf.
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