sandy beach Posted May 12, 2022 Report Share Posted May 12, 2022 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. Link to comment Share on other sites More sharing options...
Jorma Posted May 12, 2022 Report Share Posted May 12, 2022 This CoinBase conference should be a thrill for masochists', and sadists. https://www.coindesk.com/consensus2022/ Link to comment Share on other sites More sharing options...
DrStool Posted May 12, 2022 Author Report Share Posted May 12, 2022 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. Link to comment Share on other sites More sharing options...
DrStool Posted May 12, 2022 Author Report Share Posted May 12, 2022 Samantha LaDuc just pointed this one out to me. I don't know her but she seems really sharp. Link to comment Share on other sites More sharing options...
DrStool Posted May 12, 2022 Author Report Share Posted May 12, 2022 Just now, DrStool said: Samantha LaDuc just pointed this one out to me. I don't know her but she seems really sharp. Mainly because she keeps agreeing with me. 😁😁😁 Link to comment Share on other sites More sharing options...
DrStool Posted May 12, 2022 Author Report Share Posted May 12, 2022 3859 low close enough? meh, I don't know. Link to comment Share on other sites More sharing options...
MisFit Kid Posted May 12, 2022 Report Share Posted May 12, 2022 The hour of Power, the "Markets" go GME >: Herbert gets to keep his throne (Senate votes to confirm Powell) Link to comment Share on other sites More sharing options...
DrStool Posted May 12, 2022 Author Report Share Posted May 12, 2022 Resistance 3906-16. Will they turn it green? Link to comment Share on other sites More sharing options...
sandy beach Posted May 12, 2022 Report Share Posted May 12, 2022 Short covering - incoming! Link to comment Share on other sites More sharing options...
DrStool Posted May 12, 2022 Author Report Share Posted May 12, 2022 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. Link to comment Share on other sites More sharing options...
DrStool Posted May 12, 2022 Author Report Share Posted May 12, 2022 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! Link to comment Share on other sites More sharing options...
sandy beach Posted May 12, 2022 Report Share Posted May 12, 2022 Thanks doc! Link to comment Share on other sites More sharing options...
Jimbo Posted May 13, 2022 Report Share Posted May 13, 2022 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. Link to comment Share on other sites More sharing options...
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