When will the financial institutions recover, and why?

Question

Thanks.

Answer 1

It will take some time.

Answer 2

Very hard to say as there is more than one type of business model that comprises, "financial". We first have to see how much more writing down they have to do and how they will react to raising interest rates.

In the mean time, enjoy and build a great position while it is moving down. Personally, I am enjoying BAC's ride down with purchases at every dollar. When the plunge slows down I willl increase the decrease the increment. Never thought I'd get another chance like this.