To make my position clear.
I had very large holdings in financials.
Back in January I sold half my financials right at the highs.
I began to accumulate that 50% on weakness.
Then I sold MS PNC and GS for good profits.
I cited a near term top on the 10% to 15% gap about three or f
I had very large holdings in financials.
Back in January I sold half my financials right at the highs.
I began to accumulate that 50% on weakness.
Then I sold MS PNC and GS for good profits.
I cited a near term top on the 10% to 15% gap about three or f
our Fridays ago.
I expected backing and filling after the nice gains.
I turned around and shorted MS and I still have four positions long (C BAC JPM and WFC).
Short term outlook is mired by ever lower interest rates and a further disappointment likely on the domestic economic
I expected backing and filling after the nice gains.
I turned around and shorted MS and I still have four positions long (C BAC JPM and WFC).
Short term outlook is mired by ever lower interest rates and a further disappointment likely on the domestic economic
front.
The intermediate term outlook remains bright - and large capital gains might lie ahead - based on the value of the franchises and their ability to absorb losses.
The intermediate term outlook remains bright - and large capital gains might lie ahead - based on the value of the franchises and their ability to absorb losses.
@threadreaderapp unroll
