I hope no one is sleeping on the DB news. It's kind of flying under the radar imo.
2016 Stock prediction
- Thread starter dmclone
- Start date
I hope no one is sleeping on the DB news. It's kind of flying under the radar imo.
Anybody planning on backing up the money truck on WFC? With the scandal going on the stock is in a free fall but the penalty isn't going to hurt them that bad. Add the looming rate hike and Warren Buffett planning to add to his position I think this could be a great time to buy.
It has crossed my mind, but I have not made any decisions yet. If I were to make a play, it would be a dividend play and buy it in my IRA where I can DRIP the dividend. At a roughly 3.5% yield right now, it looks enticing. However, I am leaning closer to that the stock has not seen the last of its issues. Might need to wait until after quarter earnings that includes when the news came out.
Meanwhile I suppose I ought to mention that Gold and Silver, and SLW at the top of that list; are getting pounded today. Not surprising as that stock ran too far and way too much when even compared to the price of Silver. Would have been a lot better for my puts if that had occurred in September instead of October 
but at least we'll get another good entry point, probably next year.
but at least we'll get another good entry point, probably next year.
No of course not, but the monster is already there and the precedent set by other countries and Central Banks. This is the damned if you do and damned if you don't. But by coming out and proclaiming this, anyone with a large amount of capital in the bank would be considered not doing their Fiduciary duty if they leave money in the bank. It's a kiss of death.
16% drop in 30 days for a company with a market cap over $200B? I consider that a significant amount of suffering.
Further analysis just for fun. Did you watch the way the Senators and members lambasted the CEO. That is the real problem. The things that these too big too fail banks have enjoyed for 20+ years are coming to an end. They are going to be the bad guys IMO. Plus this long-term chart looks awful. Breaking below the 200 DMA and the lows all made around $45. This looks bad enough that if it rallies to retest that area I might even short the stock.
I was discussing WFC with a friend yesterday. I likened it to the cable companies. Congress will occasionally pull their people in for a grilling and pretend they give a **** about the monopoly they have and the crummy customer service that comes with it. Nothing changes and repeat.
WFC is going to get fined by some of the states, and take a PR hit for a while, but not much is going to change. The reason they want people to have multiple accounts is to raise the burden of leaving. That hasn't changed, so I don't expect a large exodus.
WFC is going to get fined by some of the states, and take a PR hit for a while, but not much is going to change. The reason they want people to have multiple accounts is to raise the burden of leaving. That hasn't changed, so I don't expect a large exodus.
Can anyone suggest some good literature on the stock market on how to get started? Don't really have the cash at the moment, but would like to in the future and would like to evaluate until then.
+21.82% in a few months. If only I didn't own so many Chinese Solar stocks, I'd be rich.