Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Equity holders can still get wiped out with "too big to fail" institutions. While it's more or less a guarantee the company survives, it doesn't mean equity holders won't get largely wiped out.
The issue is that if more banks fail, like Lehman Brothers in 2008, we'll have a more serious banking crisis than 2008.
And all persons who own stocks will suffer severe losses and we could see a depression next time and not a recession.
Analysts say the markets need the financials to participate in any rally.
We need the banks to begin to recover, not fail.
There is a ETF where investors can bet against the banks, versus shorting individual banks. It's the XLF. Buy puts on the XLF.
Why don't you put your money where it will make you money? AAPL, AMZN, NFLX, CAT, IBM and many other great stocks. BAC is $6.45 because thats all it is worth right now. When I first started trading I use to buy cheap stocks because I could get a bunch of shares for my money. But then when I first started trading I did not have a clue what I was doing. After many years of sitting in front of screens watching stocks do there thing I realized a stock is cheap for one reason, thats all it's worth. Hell even BAC has terrible fundamentals, they are insolvent. Move on up to the eastside and buy a good stock like AMZN, you won't be dissapointed.
I don't think BAC is going to last long... if they went bankrupt tomorrow, I wouldn't be the slightest surprised... they just can't generate enough revenue to support a company of their size... I wonder what their books really show... I can't invest them cause I am too scared of what they are not telling...
Why don't you put your money where it will make you money? AAPL, AMZN, NFLX, CAT, IBM and many other great stocks. BAC is $6.45 because thats all it is worth right now. When I first started trading I use to buy cheap stocks because I could get a bunch of shares for my money. But then when I first started trading I did not have a clue what I was doing. After many years of sitting in front of screens watching stocks do there thing I realized a stock is cheap for one reason, thats all it's worth. Hell even BAC has terrible fundamentals, they are insolvent. Move on up to the eastside and buy a good stock like AMZN, you won't be dissapointed.
Ya' think the Tea Party will authorize a bailout? More likely, some other financial institution will buy them.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
