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VisualMod t1_jdg6ucj wrote

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Total Submissions 3 First Seen In WSB 1 month ago
Total Comments 25 Previous Best DD
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VisualMod t1_jdg6ut0 wrote

>There is a strong possibility that bank stocks will rebound in the near future, given Yellen's remarks and Buffett's actions. However, as with any investment, there is always some risk involved and nothing is guaranteed. I recommend doing your own research before making any decisions.

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quelin1 t1_jdg74da wrote

I'd go with some bank etf rather than specific banks.

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Snoo-62999 t1_jdg7i6c wrote

Do u know which bank Buffett buying? I’m all in it img

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Dark_Delusion t1_jdg7xkd wrote

Honestly, all these shady failing banks should learn the art of shadiness from HSBC.

How HSBC remains largely unscratched despite its scandals is a mystery to me.

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BeyondShroud OP t1_jdg8enw wrote

Replying to Snoo-62999 (#2,330,246)

Buffett slashed his bank holdings even before Silicon Valley Bank went bankrupt. We have to admire his investment thinking, he successfully escaped this crisis. Now he's ready to buy bank stocks at the bottom

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PomegranateIll7303 t1_jdg8igx wrote

I like the consolidation play. We have to have banks but deep pockets can probably scoop up a lot cheap here.

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Sea_Parsley2982 t1_jdg8vx2 wrote

I’m gonna day trade SCHW. I pray every day for a revolution. Until then I’m gonna pickup some nickels.

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BeyondShroud OP t1_jdg9aph wrote

I am going to buy DPST at a price of 7 dollars, I hope everyone wishes me good luckimg

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[deleted] t1_jdg9jcr wrote

Y’all know banks make more money when interest rises right?

−1

Ok-Run5317 t1_jdgadgs wrote

time and again it has been proven. banking stocks have no bottoms.

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HomosapianDaGreekGod t1_jdgaxes wrote

Canadian banks are the only ones i would buy. i have no trust in american ones.

Been watching the top 5. Want another 10% drop before I buy in. The big fish have to buy now because it takes them weeks to fill their amount of shares up. For me, I can buy lower. But i also think these are good prices to begin a position. and if another 10% pullback happens i would be happy to add. RBC is my top bank followed by TD.

GLTA.

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Ok-Run5317 t1_jdgb0fq wrote

Replying to BeyondShroud (#2,330,530)

the only time banking stocks get in vogue when market is in distribution mode. that is stocks are being offloaded to poor retail bag holders. bullishness in risky stocks like bank should be taken as time to lighten up long position and initiate short positions on overbought levels.

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Blacknesium t1_jdgcc7u wrote

There is no bottom when Biden is manning the control sticks. Just a slow wobbly fall down the stairs for 4 years.

−8

neutralpoliticsbot t1_jdgcclq wrote

Replying to Hairy_Inspector_5089 (#2,330,207)

I bank with TD and their app is the worst out of all I tried.

You can't even manage your credits cards there it has to open a new window in your browser like wtf its 2023 TD. You can only see the balance. They also couldn't figure out notifications for a long time, at one point you had to install a sperate app just so you could get notifications....

Is there any bank out there that still doesn't have all services in one app?

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robbinhood69 t1_jdgenpa wrote

Replying to tradingmuffins (#2,330,181)

I feel like march 2020 taught people the wrong lessons since almost nothing went to 0 altho it felt like that’s where we were headed, after 3 weeks of bear we had 3% rallies forever everything was so bullish, hell back then even declaring bankruptcy was bullish (Hertz up 800% on the good news)

Ppl we are only -4% off local highs and jerome just told us his printer will likely stay off during our descent

Buy fucking puts jfc

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Wonderful-Tip4305 t1_jdgfnak wrote

i think it is a good time so start investing with little amount of money, then as they fall down more you buy more

3

ruggeroo8 t1_jdgjyqr wrote

If you want to invest in banks right now, then you'd be better off just lighting your cash on fire. This banking crisis hasn't even started.

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technojoe99 t1_jdgn8mr wrote

During 2008, it took an entire year for markets to bottom.

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wallstregard t1_jdgw4ol wrote

There's a pretty massive risk difference between some regionals and bac or jpm....banks is a broad word

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AmplitudeTrader t1_jdh8ioy wrote

Replying to PomegranateIll7303 (#2,330,404)

I am all in BAC with 40k. I think Buffet is buying the dip, I think the irregularities in the trading patterns are caused buy a whale like Buffet, based on his previous purchase prices, this is an attractive price, but he might want to be greedier since there is panic and let it drop. I see the main threats to this working out is 1: whatever came out of that meeting between Buffet and the Biden Administration, and 2: FedNow and Federal Credit unions taking over the banking industry, 3: mass adoption of crypto. Make your own decisions, but I am firm in my position.

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HarrisLam t1_jdheip2 wrote

It is always a good opportunity to buy at the bottom.

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anomhali t1_jdhiiwi wrote

Okay banks will never stabilize, If the current rate continues, they will have huge amount losses because %99 mortgages are around 0%, but they need to borrow at 6%, the fed cannot drop the rate because it will cause hyperinflation, but If fed does not drop the rate, then including the giants one, all banking system will COLLAPSE. Especially, the US will get duck with 30-year mortgages, in other developed countries, the people going to suffer and the home market COLLAPSE.

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Sea-Sherbert3338 t1_jdi4v6f wrote

Absolutely! The banks just borrowed 400 billion from the fed. And now the fed raised rates again further depreciating their assets!

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BuySellHoldFinance t1_jdi9xsy wrote

Bank stocks are riskier than tech but have lower returns. Literally worse of both worlds.

1

5349 t1_jdij19w wrote

Sell some JPM $120 puts maybe.

1

Ber1nice- t1_jdkf7ib wrote

The next unlucky guy is about to go out of business

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A_ron1 t1_jdkoa5b wrote

Have been thinking this and looking at KRE. Aren’t rising interest rates supposed to be generally good for banks??

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saynotochichorapan t1_jdm96tr wrote

FED's mandate is to focus on unemployment, GDP, and inflation. There is no way they are extending help to bank's. All of this is a short-term shit. UBS acquired credit Suisse, Republic was financed $30bn by 11 banks and Citi has recently lended $5bn to Republic Bank so that they get time for restructuring. It will come back to normalcy soon.

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Interesting-Boot-399 t1_jdrqrcj wrote

Maybe they fell for a reason 🤔 You don't wanna pick someone else's problem .

1