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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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.
__________________ Proud Vietnam Veteran: Cu Chi 66, 1 Bde, 25ID & Pleiku 66-67 41st Sig Bn 1st STRATCOM - Army Retired Jun 1979.
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
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?
__________________ Numbers is hard...
90% of building a retirement nest egg is just showing up. The other 10% is half the battle.
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2006
Posts: 9,546
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
__________________
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).......:)
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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* For more info see "About Me" in my profile.
__________________ "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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