Posted by: thapap May 7, 2009
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what i mentioned on my blog about the capital raise by the banks are starting already ; with WFC ($6bln) and MS ($5bln) hmm.. ok no biggie.
looks like federal govt. has to increase interest rates to sell the bonds. hmm... seems like government is going to need a bailout themselves. this truly means that inflation (or even hyper-inflation) is right around the corner.
very bad time to be in equity with P/E=20 (for S&P) .. definitely not WFC, BAC and C (which has -ve)
if you have gains. in any of the bank stocks i would suggest you should consider taking in profits and locking in the gain. i somehow believe that you could buy them at cheaper price. or you might want to use some options to protect your investments.
now all the good news are out lets see what is going to prop up the market (O: . may be banks themselves are buying and selling ... remember the first Q profit of all banks .... most of them were from trading (O: .. interesting huh!! money from TARP went into stocks (O: lets see who is gonna sweep the floor off the market now....
looks like federal govt. has to increase interest rates to sell the bonds. hmm... seems like government is going to need a bailout themselves. this truly means that inflation (or even hyper-inflation) is right around the corner.
very bad time to be in equity with P/E=20 (for S&P) .. definitely not WFC, BAC and C (which has -ve)
if you have gains. in any of the bank stocks i would suggest you should consider taking in profits and locking in the gain. i somehow believe that you could buy them at cheaper price. or you might want to use some options to protect your investments.
now all the good news are out lets see what is going to prop up the market (O: . may be banks themselves are buying and selling ... remember the first Q profit of all banks .... most of them were from trading (O: .. interesting huh!! money from TARP went into stocks (O: lets see who is gonna sweep the floor off the market now....