ArkhamB
04-03-2009, 09:17 PM
Maybe I'm not looking hard enough, but I am really suprised how few if any threads there are touting the financials/banks. It seems like most posters who talk financials are pro SKF/FAZ. Why? The financials have led this recent rally, whether its a bear market rally is another question, and have hopefully been making people alot money.
I am new to trading, otherwise I might be able to post something about the technicals, or value. BAC has been a champ lately, along with WFC, they seem to be trading in a range, if it continued, this would be a really easy job. But I'm sure things will change.
I know SKF/FAZ have probably been cash cows for the past year, but hasn't that ship sailed considering all the government help/funding of the banks? Like I said, I'm new to this, but I think next week is really important. If there is separation upward of 8000 Dow, this could be a huge rally. Agree/Disagree?
Brian
I am new to trading, otherwise I might be able to post something about the technicals, or value. BAC has been a champ lately, along with WFC, they seem to be trading in a range, if it continued, this would be a really easy job. But I'm sure things will change.
I know SKF/FAZ have probably been cash cows for the past year, but hasn't that ship sailed considering all the government help/funding of the banks? Like I said, I'm new to this, but I think next week is really important. If there is separation upward of 8000 Dow, this could be a huge rally. Agree/Disagree?
Brian