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Old 09-07-2008, 12:19 PM   #1
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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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Old 09-07-2008, 01:00 PM   #2
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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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Old 09-08-2008, 08:31 AM   #3
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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."
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Old 09-08-2008, 09:20 AM   #4
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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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Old 09-08-2008, 09:26 AM   #5
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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?
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?
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Old 09-08-2008, 09:30 AM   #6
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This retirement thing isn't for those with weak stomachs or just about anyone could do it. Right?
Like surfing a Tsunami! Yeehaw!
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Old 09-08-2008, 10:24 AM   #7
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Thank God, no Freddie or Fannie.
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Old 09-08-2008, 10:38 AM   #8
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Thank God, no Freddie or Fannie.
You sure your funds don't have a little mixed in there somewhere?
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Old 09-08-2008, 10:41 AM   #9
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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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Old 09-08-2008, 10:41 AM   #10
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Not enough to bring anything down today, at least not yet.
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Old 09-08-2008, 11:05 AM   #11
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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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Old 09-08-2008, 05:44 PM   #12
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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...
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Old 09-08-2008, 05:59 PM   #13
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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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Old 09-08-2008, 07:32 PM   #14
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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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Old 09-09-2008, 08:53 AM   #15
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Another theory of "Financial" near-term future prospects:

3 ETFs for a Potential Recovery in Financials

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Old 09-10-2008, 11:56 AM   #16
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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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Old 09-19-2008, 05:11 PM   #17
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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
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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Old 09-19-2008, 07:29 PM   #18
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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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Old 09-19-2008, 08:33 PM   #19
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you've had very good sector timing this week
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