Submitted by BeyondShroud t3_12087x7 in wallstreetbets
Bank stocks fell again, is this a good opportunity to buy at the bottom?
Yellen changed her tune and said: The US Treasury Department will take additional actions to stabilize banks if necessary. Buffett also began to buy bank stocks at the bottom. Will bank stocks start to rise? we can discuss
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
Printer off? He just printed 100 billion yesterday 😂
Would argue that we will see a v shaped recovery in some of these bank stocks that got crushed due to the Fed backing them. I got leap puts on spy and frc calls lol
Room temp iq hits different when you use Celcius.
I measure mine in Kelvin. Big Brain Energy!
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.
time and again it has been proven. banking stocks have no bottoms.
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.
They go commando
I'd go with some bank etf rather than specific banks.
You have the same idea as me. At present, the risk of investing in individual bank stocks is still relatively high. If I had to choose, I would choose DPST or KRE
What bank ETFs are a good buy ?
FAS if you’re expecting a bounce back
>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.
"I knew I should have asked FB"
I am going to buy DPST at a price of 7 dollars, I hope everyone wishes me good luck
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Catching quarters in front of a steam roller.
In the face of huge benefits, I choose to take risks
Spoken like a true banker, lol.
Make sure you register with the fed real quick before you go all in.
Buy a bank etf
Which one do you like?
Just buy the largest one not leveraged
i think it is a good time so start investing with little amount of money, then as they fall down more you buy more
Hold jpm for 5 years
Yes
Which bank stock do you like?
FRC
very exciting
I’m going with buffet on BAC. He can self fund it.
Wells Fargo has been very stable in this crisis and has been very little affected
WFC or BAC I think are solid and I think both end up bigger.
agree
Do u know which bank Buffett buying? I’m all in it
BAC
Isn't he just sold all of it? Maybe FRC next?
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
I didn’t know that, damn he’s good. He knows we need banks like we need Coke, guarantee he’ll be buying the dip.
Buffett invests in the stock market as if from God's perspective. It's too easy for him to invest in the stock market
BRK barely struggled to beat the SP500 in the past 15 years
And how did you fare?
That's pretty good considering how risk averse Buffet is.
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.
Cute to think thisis the bottom for banks though.
Not even close.
Do you think it will go down again?
Fed has to choose between a falling economy and rising inflation, and picked both. We are all most likely fucked.
I’m gonna day trade SCHW. I pray every day for a revolution. Until then I’m gonna pickup some nickels.
banked on some 56p this week. sold before close yesterday. Missed more AH gains tho. I went to 55c to try and catch a bounce. I felt like -6% in one day was a little overboard.
My SOFI calls will print.
Damn dude, don't buy yet. Buy at the bottom.
Thoughts on PACW?
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I bought TD wish me luck
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?
I am also watching this stock, but I will choose to buy DPST tomorrow. wish us luck
Td is solid. Bmo ain't to shabby either.
I like the consolidation play. We have to have banks but deep pockets can probably scoop up a lot cheap here.
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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I think so, but it could fall further.
Looking at $KRE fund
This is wsb !
Next month is all results starting from big banks.
I bought some shares of KRE and DPST, holding for 45-60 days to see whether bank ETFs recover from here.
Further goes down, I will DCA further.
Could be. But also, could not be.
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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.
During 2008, it took an entire year for markets to bottom.
There's a pretty massive risk difference between some regionals and bac or jpm....banks is a broad word
Hell yea dude, Bear Stearns is fine
Loading up on Barclays at £1.30 a share earlier is a great deal.
No but you can buy my bottoms
No but you can buy my bottoms
It is always a good opportunity to buy at the bottom.
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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.
save your money folks, while you can, buy metals.
I'll buy when I stop profiting off shorts
No!
Absolutely! The banks just borrowed 400 billion from the fed. And now the fed raised rates again further depreciating their assets!
Bank stocks are riskier than tech but have lower returns. Literally worse of both worlds.
Sell some JPM $120 puts maybe.
VFH calls?
We are nowhere near a bank bottom.
I’ve moved my bank stocks to Bitcoin lol
The next unlucky guy is about to go out of business
So don't invest in individual stocks, investing in ETFs is solid, such as DPST
>DPST
I see that he is currently losing money since the beginning of the year
Have been thinking this and looking at KRE. Aren’t rising interest rates supposed to be generally good for banks??
Hahahaha.
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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.
Maybe they fell for a reason 🤔 You don't wanna pick someone else's problem .
Y’all know banks make more money when interest rises right?
Yes, rising rates are good news for banks
sure just stay away from frc thats a death trap
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There's literally no better time to buy stocks than at the bottom because it's only profits from that point on. If it keeps going down then it's clearly not the bottom...
There is no bottom when Biden is manning the control sticks. Just a slow wobbly fall down the stairs for 4 years.
tradingmuffins t1_jdg762r wrote
Great for those room temp iq plays