The Last Hope For Banks
on
Traders, we have got to sit down and take a moment to talk about those d*** banks.
Some nights I wake up and think, “If only the banks would grace us with their presence and actually participate in the rally!”
But alas, they will not.
Here’s my take: Banking stocks probably won’t help you finish 2020 with any money left in your pocket…
Even Warren Buffett decided to cut his losses and sell his long-time Wells Fargo holdings.
Maybe he saw this chart, which shows exactly how grim the future of banks actually looks…
1 Comment
I think BAC is a good play. They are #1 with Spanish , Latinos, Chinese sending money back to their native homes. I think they are competitive player, above average service and in great locations.