Do Rising Home Prices Signal A Bank Stock Rally?
BANK STOCKS OFF THE CHARTS
Excellent chart and discussion.
Scarlet Fu on the correlation between Case Shiller Housing Index and the KBW Bank Index.
I never talk about investing on the site but Bank of America is a $30 stock within three years. It trades at $12+ now but could easily be bought around $10.75 in a market pullback. Their liability for mortgage fraud is finally quantified and manageable. They are a force in the origination market, the only upside to the destructive purchase of Countrywide. I picked up a chunk at $6 last year. I gave up fighting the Fed awhile ago. I still consider BofA to be a semi-fraudulent, mostly grotesque company.
This does not constitute investment advice. You would be a fool to follow my trades. You might get rich or you might go broke.
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It's my job.
I've been investing in gold since I was 10, options since I was 12 and stocks since I was 15. My uncle taught me and he liked options so therefore I traded options. Always safe in the money spreads. And I've been in the equity markets almost every day for 30 years running now. I don't trade options as much. I take that back. I sell options, both puts and calls, but I don't buy any more, for the most part.
;)
It's not like that at all. MF Global is the first time something like that has happened in HISTORY. And I certainly wouldn't keep any accounts with a shitty little investment bank like that, that traded with an active Prop Desk. They were a bomb waiting to explode, just like Bear Stearns and Lehman. The crisis is over. The Fed has been handing out free money to the markets for 3 years. It's been the easiest bull market of my life. When the Dow fell below 8,000 I bought with everything I had. You have to be a contrarian be successful. Here's another piece for you. The DOW is going to 20,000 over the next 3-4 years. Book it.
While many have been afraid since 2008, they could have bought Apple for $80 per share and ridden it over $500 the last 4 years. Ann Barnhardt is kooky as well. She has an agenda that she's pushing. And sites like Zero Hedge cater to a gold, survivalist, doomsday crowd. So Dan (the head Tyler) publishes a lot of doom shit to make his readers happy. You have to understand that people like that have always been around. Don't get me wrong, this will end badly, for the U.S. when interest on the debt gets out of control but that is at least 5 years away, maybe longer if they cut entitlement spending. And if they do actually fix the deficit problem for ood in the next five years, I would turn super-bullish on the U.S.
Use Schwab and Fidelity. Your money is safe there. They do not invest for their own account. They are simply brokers and they are the 2 best and safest in the world. I have aggressive stock mutual funds for my nephews at both Schwab, Fidelity. They have been doing great for 4 years. And there are big returns that will be made over the next 5 years as well.
DO NOT FIGHT THE FED IN THE MARKETS
I would never bet against a Central Bank that has the world's reserve currency. If they want stocks to go higher, then stocks will go higher. You might as well go along for the ride.
http://www.youtube.com/watch?v=IyqYY72PeRM
http://www.youtube.com/watch?v=SyvJVyU3HpI
That anyone could vote against such a bill, especially after an explosive “60 Minutes” piece a few months before exposing insider trading on the Hill, is crazy. But that is not where the STOCK Act saga ends.
A couple of weeks ago, on April 15th, Senator Harry Reid introduced S.716, which removed the online disclosure portion of the STOCK Act. What that means is that Congress is more protected and less transparent, and if you want information about what Members of Congress are doing with regard to stock transactions, it is going to be a huge pain in your rear end to get it.
Congressional aides and executive branch staffers are exempt altogether from the online database, and the President, Vice President and Members of Congress do not have to provide sortable or searchable information.
That vote, it turns out, was unanimous. S.716 was debated for a full 10 seconds in the Senate, and 14 seconds in the House, before it passed with flying colors by a Congress who is doing everything in its power to protect itself.
ALL FOR OUR SECURITY!
While I was wandering in U Tubes, here is a reminder about Glass Steagall Act. Was this for the Security of the Country also?
http://www.youtube.com/watch?v=x0k2PmF-o5Q&feature=youtube_gdata
Here's Jon Stewart on the STOCK Act
http://dailybail.com/home/jon-stewart-blasts-congress-for-gutting-stock-act.html
Thanks for the link. I missed that one.
F**KERS Act For Sure!