Any clue why banks are suddenly outperforming?
Started by
spielchekr
, Jul 30 2007 07:22 PM
8 replies to this topic
#1
Posted 30 July 2007 - 07:22 PM
You super-rich types will never experience this, but the rest of us can open this month's credit card statement and figure it out immediately. Those who cannot pay theirs off now will be SCREWED!!!
#2
Posted 30 July 2007 - 07:41 PM
After the kind of sell off they've been through, they should be bouncing the best, I don't think there is anything unusual about it, the problem is whether it will follow through for the IT, I doubt it...
#3
Posted 30 July 2007 - 07:51 PM
Kisa, they've rolled me over from a fixed to a variable rate, currently running 61% higher. This is a global form letter. I've had this card for over 20 years. What I'm saying is that the terms and rates, without further notice, are here and they're draconian in scope. Cockroaches and banks will survive all decimations. If you must be long, be in banking.
#5
Posted 30 July 2007 - 08:09 PM
Posted last Tuesday
http://www.traders-t...?...ic=73218
Here's Thusday's snapshot. It was pinned on that support line all week long until Friday, when somebody picked it up and ran. That was a perfect target bounce.
http://www.traders-t...?...ic=73218
Here's Thusday's snapshot. It was pinned on that support line all week long until Friday, when somebody picked it up and ran. That was a perfect target bounce.
#6
Posted 30 July 2007 - 08:27 PM
and another reason why OEX will outperform
#7
Posted 30 July 2007 - 09:13 PM
and another reason why OEX will outperform
Lot's of reasons for OEX to perform, but why are financials a reason?
Edited by spielchekr, 30 July 2007 - 09:19 PM.
#8
Posted 31 July 2007 - 06:51 AM
Interesting...I was under the impression that financials were closer to 28% of oex.
#9
Posted 31 July 2007 - 07:05 AM
I wasn't sure about it, that's why I checked. I thought it was at least a little higher too. http://www2.standard...sheet_sp100.pdf