Comments on: Has The Financial Sector Suffered Enough? http://www.tradersnarrative.com/has-the-financial-sector-suffered-enough-626.html Freshly squeezed market commentary & analysis Thu, 20 Nov 2008 14:22:09 +0000 http://wordpress.org/?v=2.0.2 by: Financial Sector Roars Back http://www.tradersnarrative.com/has-the-financial-sector-suffered-enough-626.html#comment-27512 Thu, 24 Jan 2008 06:49:01 +0000 http://www.tradersnarrative.com/has-the-financial-sector-suffered-enough-626.html#comment-27512 [...] Two weeks ago I wondered if the financial sector had suffered enough… no, it hadn’t. [...] […] Two weeks ago I wondered if the financial sector had suffered enough… no, it hadn’t. […]

]]> by: Babak http://www.tradersnarrative.com/has-the-financial-sector-suffered-enough-626.html#comment-26759 Sun, 13 Jan 2008 21:15:15 +0000 http://www.tradersnarrative.com/has-the-financial-sector-suffered-enough-626.html#comment-26759 Nueoff, that's the classic use of BP charts. I tend to get in early by partial entry before it goes back up above 30%. Nueoff, that’s the classic use of BP charts. I tend to get in early by partial entry before it goes back up above 30%.

]]> by: Babak http://www.tradersnarrative.com/has-the-financial-sector-suffered-enough-626.html#comment-26666 Fri, 11 Jan 2008 22:21:07 +0000 http://www.tradersnarrative.com/has-the-financial-sector-suffered-enough-626.html#comment-26666 Well, at least we can't say it is boring. Well, at least we can’t say it is boring.

]]> by: Keith Shepard http://www.tradersnarrative.com/has-the-financial-sector-suffered-enough-626.html#comment-26653 Fri, 11 Jan 2008 14:04:10 +0000 http://www.tradersnarrative.com/has-the-financial-sector-suffered-enough-626.html#comment-26653 Of course, I post that and today, the sector is getting hammered because the Conutrywide sale is weak and Merrill Lynch misplaces 15 billion or so. Heh. Of course, I post that and today, the sector is getting hammered because the Conutrywide sale is weak and Merrill Lynch misplaces 15 billion or so. Heh.

]]> by: Keith Shepard http://www.tradersnarrative.com/has-the-financial-sector-suffered-enough-626.html#comment-26633 Thu, 10 Jan 2008 23:34:22 +0000 http://www.tradersnarrative.com/has-the-financial-sector-suffered-enough-626.html#comment-26633 <a href="http://www.bloomberg.com/apps/news?pid=20601087&#38;sid=aSzeLhC9tlFs&#38;refer=home">This might help:</a> Countrywide climbed the most since at least 1982. Bank of America Corp. is in talks to acquire the largest U.S. mortgage company, a person with knowledge of the discussions said. [...] The possibility Countrywide will be bought ``suggests a bottom in financial shares,'' said Michelle Clayman, the New York-based chief investment officer at New Amsterdam Partners, which manages $4.5 billion. ``It says there is some value for these companies and at the right prices people will come in and prop them up.'' This might help:

Countrywide climbed the most since at least 1982. Bank of America Corp. is in talks to acquire the largest U.S. mortgage company, a person with knowledge of the discussions said.

[…]

The possibility Countrywide will be bought “suggests a bottom in financial shares,'’ said Michelle Clayman, the New York-based chief investment officer at New Amsterdam Partners, which manages $4.5 billion. “It says there is some value for these companies and at the right prices people will come in and prop them up.'’

]]> by: Nueoff Lestom http://www.tradersnarrative.com/has-the-financial-sector-suffered-enough-626.html#comment-26592 Thu, 10 Jan 2008 08:29:57 +0000 http://www.tradersnarrative.com/has-the-financial-sector-suffered-enough-626.html#comment-26592 Thank you for sharing your fine work with the public. Your blog has quickly become one of my favorites. With respect to the bullish percents, note that yesterday, the $BPNYA fell below 30 for the first time in more than five years. We are now entering a low-risk buy area. Almost everyone who wants to sell has already sold. Once the $BPNYA starts moving up above 30, it will be a good time to aggressively buy stocks. Thank you for sharing your fine work with the public. Your blog has quickly become one of my favorites.

With respect to the bullish percents, note that yesterday, the $BPNYA fell below 30 for the first time in more than five years. We are now entering a low-risk buy area. Almost everyone who wants to sell has already sold. Once the $BPNYA starts moving up above 30, it will be a good time to aggressively buy stocks.

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