I believe that the news flow for financials continues to be poor, but not poor enough to suggest long term buys are in order yet. I will continue to trade the financials from both sides, until i believe that a longer term bottom is being put into place. In my view, that may not occur for another 6-30 months (yeah, that's a large window)!
German dissent magnifies uncertainty in Europe
French banks poised for Moody's downgrade
BankAmerica to layoff 45,000
Disclosure: Long FAZ.
***remember this is an illustration of what i am trading and
my thinking...it is not a recommendation for you or anyone else to buy
or sell this or any other security...trade at your own risk...my positions my change at any time without notice***
Posts
TSMC, the Chip Giant, Is to Spend $100 Billion in U.S. Over the Next 4 Years
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The investment plan, announced at the White House, was made as the Trump
administration pushes to bring chip making back to the United States.
3 hours ago
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