Are financials about to rebound?

Question

As earnings come out, I think they will surprise like Wells Fargo did. Several have made up like 50% in the last couple of days. Also I think the dow is about to shoot back up to 12000 after this nearly 2 month drop....so would anything be better to invest in now than rebounding financials?? I'm looking to buy low and sell high in a month or two.

Answer 1

I have purchased financials lately, but I'm looking for them to double in a couple years.  There will be more bumps in this sector in the next few months...also bought F with same thought.

Answer 2

It's a presidential election year, which means levels of fear, uncertainty, and doubt are higher than in a non-election year. My humble opinion is that the market will not recover until after the election (regardless of who wins). So I would not be looking to sell high in a month or two. Four or five months, perhaps.

Answer 3

I think financials are beating estimates because the estimates set for them were **** in the first place...but if you think they'll continue to rally...then go for it