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Cryptonite is the Future 5/12/22

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Banks are really starting to look reasonable:

VFH Vanguard Financial Sector ETF hitting January 2021 levels. P/E 9.8 and Price / Book 1.6.

JPM P/E 8.6 Pr/Bk 1.3

BAC P/E 9.8 Pr/Bk 1.2

DB P/E 9.2 Pr/Bk 0.3

CMA P/E 10.2 Pr/Bk 1.5

MS P/E 9.8 Pr/Bk 1.4

CB P/E 10.8 Pr/Bk 1.5

SIVB P/E 14.4 Pr/Bk 2

Not that they can't get way Dover Sole from here but unless we looking at a 2008 level financial crisis some of the better quality names may soon be worth a look.

 

 

 

 

 

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31 minutes ago, sandy beach said:

Metals and mining sector really taking a hit lately. Is this just large players raising cash? Or is there a more fundamental reason?

The Fed isn't printing any more Doodahs. And next month, it starts withdrawing them from the banking system. This is actually going to get worse. Unless the Fed changes its mind. Can't rule that out. 

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Samantha LaDuc just pointed this one out to me. I don't know her but she seems really sharp. 

image.png

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Just now, DrStool said:

Samantha LaDuc just pointed this one out to me. I don't know her but she seems really sharp. 

image.png

Mainly because she keeps agreeing with me. 😁😁😁

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1 hour ago, sandy beach said:

Banks are really starting to look reasonable:

VFH Vanguard Financial Sector ETF hitting January 2021 levels. P/E 9.8 and Price / Book 1.6.

JPM P/E 8.6 Pr/Bk 1.3

BAC P/E 9.8 Pr/Bk 1.2

DB P/E 9.2 Pr/Bk 0.3

CMA P/E 10.2 Pr/Bk 1.5

MS P/E 9.8 Pr/Bk 1.4

CB P/E 10.8 Pr/Bk 1.5

SIVB P/E 14.4 Pr/Bk 2

Not that they can't get way Dover Sole from here but unless we looking at a 2008 level financial crisis some of the better quality names may soon be worth a look.

They have massive hidden losses. Their long term bond portfolios are not marked to market. As their deposit bases shrink under QT, these losses will be gradually realized over time, feeding into their bottom lines. So the earnings you see now are not the earnings you get later. 

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Suspect this will be well reversed by Monday's open. 

See you damara. 

From the beautiful Cote d'Azur I bid you, Bonne nuit and bonne chance! 

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2022 - THE YEAR OF THE BAGHOLDER

Yes as the year unfolds, 2022 is definitely the year of the bagholder....as all the cyptographers are finding out.....

Stablecoins ....what a joke......ponzi coins in reality.......

Yes the year reality came to ponziville.

One presumes some sort of stock bear markety rally thingamebob whatever should probably break out about now.

Ho Hum Ho Hum.

On banks

As doc says they are hiding massive bond losses (bagholder alert bagholder alert).

Also deposit rates will have to be raised dramatically to keep the depositors from fleeing.

Its not going to be pretty.

 

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