Time to invest in bank shares?

Question

Any idea to share? Thanks...

Answer 1

I have been buying BAC  for about 2 months now every week.Dollar cost averaging down...plan to hold for the long term.

Answer 2

yes, but only if you have the funds to hold for about 1 year at least, buy only global banking stocks such as merrill lynch, citigroup etc with global outreach, they are less likely to go belly up and the US Securities exchange will, with immediate effect, halt the short selling of these major counters to stop short sellers from driving the market down, and eventually crippling the economy further.

Answer 3

They say that the time to invest is when the blood is flowing in the streets.  Boy oh boy is the blood flowing among the financial stocks.  If you have the fortitude, now could be the time to jump in.  I jumped in when prices were 50% higher.  I learned my lesson.  

Here is the problem.  As housing prices drop and the economy continues to tank, more people are going to have to walk away from their mortgages on the overprices houses they bought and walk away from their mega credit card balances that they racked up buying all those toys they did not need or even want. Banks are going to loose a bundle on those mortgages and credit cards. Some banks are going to loose much more than others. The problem is which banks are which.  Darned if I know.

Answer 4

Its time to invest went oil is less than $100 per barrel, don't invest based on their emotions.

Don't invest when you feel confident in the market, which happens to be when the prices are still high.

Especially went the world economic is sharp slowdown, don't be a hero by catching a falling knife!

All the best ...

Answer 5

Almost, wait until a stable bank's stock price dips very low, then buy and hold. Big money is made by rushing in when everyone else is retreating.

Answer 6

NO it is NOT time.

Answer 7

Quite risky but could be lucrative...depends on your stress level and how much cash your are willing to gamble.