Tag: banks
Will Foreclosure-Gate Bust The Banks?
I’m sure you’ve heard this old Wall Street saying… Buy the rumor and sell the news. We’ll often see traders buy a stock when they expect good news in the future… Buy the rumor. Then once the news is released – the catalyst is gone – and they sell… Sell the news. It causes the […]
Will The Bank Stocks Soar?
We all remember what happened the last time Treasury Secretary Geithner presented a bailout plan for the banks. The Dow plunged 380 points. It was a brutal, month long, downtrend to decade old lows. Before it was all over, the blue chip index had come within spitting distance of 6,500 and lost 21% of its […]
Are Your Assets Safe At The Banks?
It’s starting to happen. Slowly the government’s nationalizing the banks. They don’t want to admit it to the investing public… but slowly they’re taking control of each big institution. Citigroup’s (C) a perfect example. First they gave them $25 billion to “increase lending.” Now the preferred stock is being converted into shares. This effectively makes […]
Banks And Brokers To Suffer From Increased Regulation
Did you see the rally in bank stocks earlier this week? Don’t be fooled. It won’t last long. I’ll only think differently if we get some great follow through – and I’m just not seeing it. Bank stocks have been falling for the last year. We’ve said it time and time again, stay away from […]
Credit Card Defaults To Increase Losses For Banks
The credit crisis in the financial community continues. Despite the markets rallying off of mid-March lows, we’ve been hit by a string of bad news. Starting it off was Wachovia (WB). The board of this $43 billion bank ousted their senior management. The shares promptly fell to a new 52 week low. Then came Webster […]
