5 replies to this topic

[spielchekr]

Have fun! (PS: I don't mean you guys, I mean the market forces).

Edited by spielchekr, 02 August 2007 - 09:13 PM.

[ogm]

I agree, I'm bullish on banks from this point on. BAC, DB, CS, USB, KBE..... on average 1.5 times book, other reasonable metrics and concerns over bank's health way overblown. most of them pay 5+% dividend too. Which helps a lot. They are definitely cleaning up their act now, tightetning lending standards, should be good for the future.

[spielchekr]

It would be in the broad market's best interests for $BKX to maintain this bottom. That's how I see it.

[spielchekr]

That long term line will be defended at all costs. Worst case scenario, they will bleed other sectors to death if need be.
You know they can, you know they shall:
http://stockcharts.com/c-sc/sc?s=$BKX:$SPX&p=W&st=1994-01-01&i=p60413616983&a=106612703&r=8092.png

[spielchekr]

Now what do you want? Fib support?
http://stockcharts.com/c-sc/sc?s=$BKX&p=D&yr=2&mn=0&dy=0&i=t09112817110&a=113573256&m=o&r=439.png

[eminimee]

oops..sorry..wrong thread.

Edited by Teaparty, 03 August 2007 - 12:42 PM.