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Niteski (< 20)

THE BOTTOM

Recs

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July 23, 2008 – Comments (4) | RELATED TICKERS: MINI , KEY , CACB

I have no problem in calling it the bottom in the banking sector as well as the housing sector.  Will there be other issues coming to light.  Yup!  But they won't really matter.  There will be slight setbacks from here on up.  The pendulum is swinging back.

4 Comments – Post Your Own

#1) On July 23, 2008 at 7:27 PM, chk999 (99.99) wrote:

I'd say the odds are at least 50-50 that we see lower market prices this fall.

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#2) On July 23, 2008 at 7:56 PM, lquadland10 (< 20) wrote:

We are now deeper in debt. Banks got away with murder and  Bush and the Fed allowed this and then laugh about the drunken wall street and the hang over. People think the fed will raise rates. They won't. 5 years of Arms resets. http://www.bubbleinfo.com/storage/ivy%20arm%20reset%20schedule.png(We the people will spend more and not save. That is where I hope they are wrong.) Pay cash. Save what you can and do without. Remember everything will be all right if we just go shopping and give them everything we have.

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#3) On July 23, 2008 at 8:18 PM, DemonDoug (99.67) wrote:

I'd say the odds are at least n->infinity where n is the percentage that stocks and banks and homebuilders will continue to fall.

Nice timing btw just as RYL reports huge losses and is down over 6% in afterhours.

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#4) On July 23, 2008 at 8:40 PM, earthStrapped (33.38) wrote:

I'd be superlatively amazed if we were within 10 points of a bottom in financials or real-estate.  I say dream big!

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