Bernake to Banks - Cut your dividends!
Listening to Len Walter in Chicago, claim Ben Bernake is telling major banks they should be cutting their dividend to improve their capital position. That would lower the banking stocks and explain their recent swoon back to new lows.
ERD 50 says I should post this as a warning in believing anything I would post. I allocated one percent of my portfolio to calls for 2020 and then sold all my stocks on March 5, 2020. Returned back in on June 3, 2020.