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09-07-2008, 11:19 AM
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#1
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Thinks s/he gets paid by the post
Join Date: Oct 2004
Location: LaLa Land
Posts: 4,698
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financials
I'm holding a ton of financials and have taken my lumps for the last year.
Do you guys think we can see a major rebound in financials with todays news of Freddie and Fannie?
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09-07-2008, 12:00 PM
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#2
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Thinks s/he gets paid by the post
Join Date: Jun 2006
Location: Central, Ohio, USA
Posts: 2,635
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Maybe, maybe not? Only time will tell. I know this borders on a non-answer and could be called flippant but minds much, much smarter than mine, do not know.
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Vietnam Veteran, CW4 USA, Retired 1979
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09-08-2008, 07:31 AM
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#3
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2007
Location: Denver, Colorado
Posts: 6,258
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There is a (less than useful) article in today's NY Times that points out an important theory:
"Any big, focused bets are better left for hedge funds, not for you and me."
__________________
"It's tough to make predictions, especially when it involves the future." ~Attributed to many
"In theory, there is no difference between theory and practice. But, in practice, there is." ~(perhaps by) Yogi Berra
"Those who have knowledge, don't predict. Those who predict, don't have knowledge."~ Lau tzu
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09-08-2008, 08:20 AM
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#4
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Thinks s/he gets paid by the post
Join Date: Oct 2004
Location: LaLa Land
Posts: 4,698
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Yup, I look forward to doing more indexing. My stomach can't stand individual stocks any longer.
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09-08-2008, 08:26 AM
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#5
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,021
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 Quote:
Originally Posted by 73ss454
I'm holding a ton of financials and have taken my lumps for the last year.
Do you guys think we can see a major rebound in financials with todays news of Freddie and Fannie?
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Not if a significant chunk of your ton is in Freddie and Fannie shares. Can't wait to see the damage to my Dodge & Cox and Wellington funds. 
This retirement thing isn't for those with weak stomachs or just about anyone could do it. Right? 
__________________
Numbers is hard
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09-08-2008, 08:30 AM
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#6
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Thinks s/he gets paid by the post
Join Date: May 2006
Location: Where the stars at night are big and bright
Posts: 2,847
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Like surfing a Tsunami! Yeehaw!
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There is no pleasure in having nothing to do; the fun is having lots to do and not doing it. - Andrew Jackson
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09-08-2008, 09:24 AM
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#7
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Thinks s/he gets paid by the post
Join Date: Oct 2004
Location: LaLa Land
Posts: 4,698
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Thank God, no Freddie or Fannie.
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09-08-2008, 09:38 AM
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#8
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,021
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Quote:
Originally Posted by 73ss454
Thank God, no Freddie or Fannie.
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You sure your funds don't have a little mixed in there somewhere?
__________________
Numbers is hard
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09-08-2008, 09:41 AM
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#9
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Thinks s/he gets paid by the post
Join Date: Nov 2007
Posts: 1,052
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I'd say there may be some short term plays, but if you look at the charts, many of the banks have already rebounded to their resistance line. JMO
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09-08-2008, 09:41 AM
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#10
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Thinks s/he gets paid by the post
Join Date: Oct 2004
Location: LaLa Land
Posts: 4,698
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Not enough to bring anything down today, at least not yet.
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09-08-2008, 10:05 AM
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#11
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2006
Posts: 12,483
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I think some financials would be ok, provided they don't have 50% of their "assets" in sub-prime mortgages...........and pay a NICE dividend
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Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
This Thread is USELESS without pics.........:)
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09-08-2008, 04:44 PM
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#12
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,021
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Not as bad as I feared, actually not bad at all!
Dodge & Cox Balanced (DODBX) up 0.4% 1.3%
Vanguard Wellington (VWQENX) up 1.5%
Yeah, I know. There's always tomorrow...
__________________
Numbers is hard
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09-08-2008, 04:59 PM
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#13
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2003
Location: Kansas City
Posts: 7,968
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Hmmm - let's take a look in ole drawer number two of the DRIP cabinet:
JP Morgan Chase
BAC - Bank of America
UBS - United Bank of Switzerland
Not banged up enough yet - Saint's won their opener - soooo maybe take a look at some Warren Buffett's Wells Fargo come October.
heh heh heh - football, hormones, greed and fear - this is fun right. My real money is in Target Retirement for ah retirement.    .
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09-08-2008, 06:32 PM
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#14
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Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,860
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If the Dow dividend (DVY) or small-cap value (IJS) ETFs had anything in FNMA or FNMC (I'm not going to take the time to look it up) then it just paled in significance compared to today's huge sighs of relief heaved by every financial manager seeking liquidity and some degree of clarity.
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09-09-2008, 07:53 AM
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#15
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2007
Location: Denver, Colorado
Posts: 6,258
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Another theory of "Financial" near-term future prospects:
3 ETFs for a Potential Recovery in Financials
__________________
"It's tough to make predictions, especially when it involves the future." ~Attributed to many
"In theory, there is no difference between theory and practice. But, in practice, there is." ~(perhaps by) Yogi Berra
"Those who have knowledge, don't predict. Those who predict, don't have knowledge."~ Lau tzu
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09-10-2008, 10:56 AM
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#16
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 1,543
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just bought a financial ETF last night just before the 8pm E-Trade cutoff for after hours trading
got me some SKF
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09-19-2008, 04:11 PM
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#17
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Recycles dryer sheets
Join Date: Aug 2008
Posts: 155
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Quote:
Originally Posted by al_bundy
just bought a financial ETF last night just before the 8pm E-Trade cutoff for after hours trading
got me some SKF
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were you able to get out of SKF in the 120-150 range for a quick buck or did you end up holding it?
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09-19-2008, 06:29 PM
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#18
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 1,543
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got out and went long on wednesday leveraged 4-1, too early but sold today for around 30% in real gains
got too bearish wednesday and thursday
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09-19-2008, 07:33 PM
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#19
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Recycles dryer sheets
Join Date: Aug 2008
Posts: 155
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you've had very good sector timing this week 
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