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Exchange traded fund
View All Commentary (UYG)
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cowbellpresident (< 20) Submitted: 8/21/08 10:40 PM : Start Price: $19.92 UYG Score: -39.72
This is a great long term play on financials. With no question is there trouble in the financial markets, however, as usual Wall Street has severely overreacted and is beating down this sector. UYG under $20/share will be profitable in the next few years because the banks will come out of this with adjusted business models and this diversifies your holding to the sector. Banks cannot be bad for ever - they will get it turned around.
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