What I Am Buying Today.

[fenders53]

(11-27-2021, 10:50 PM)bankerboy Wrote:

(11-26-2021, 08:23 PM)fenders53 Wrote:

(11-26-2021, 07:53 PM)bankerboy Wrote: Financials took a beating today. Might be some good buys soon.


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Market afraid no rate raise hence no spread?  You would know more than I do for sure.

Will depend on how long the Covid panic drives bank stocks down. They benefit from higher rates and still have good credit metrics and decent loan demand with plenty of capital.  


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Not long I suspect.  The world will react to new variants as we should, but at this point we collect information.  As medically unqualified as I am to make a comment, viruses tend to mutate towards more contagious and less deadly.   

I think tomorrow will be choppy.  The Pros are back and they will be rotating to whatever they think is strong a few weeks from now.  But wait there's more.  Debt ceiling chatter will add to the drama in about a week.

I'll be nibbling and trying not to pretend I know what happens a month from now.  Financials look about as good as anything else.  If they can't grow profits some the whole market is in trouble soon anyway.