Banks bro

Yea, might be time to load up on JPM, BAC, C, etc. I made a solid amount on BAC before I liquidated.

Boeing is still pretty low compared to the start of covid. Might be a good long term buy at current price.

That has been my strategy. Typically I index but the S&P is being propped up by tech and I have deviated to putting money into banks.

^^ Banks

This post was edited by SBD on Aug 24 2020 02:00pm

Matter of time before dividends return. Won’t be anytime soon but it will happen. Don’t think we have seen bank lows but can always start a position

Banks make money on the interest rate spread. We probably won't see rate hikes for years because most companies wouldn't be able to finance the massive debt they've accumulated on their balance sheets. Fed knows this and we will probably have near zero rates+ QE infinity for years to come. I'm holding BAC but honestly between the low rates+ fin tech creeping in, i think the legacy banks don't have that much upside.

Also consider the fact that if Biden is elected, democrats might try to raise corporate taxes and big banks are easy targets.

i'm gnna tell yoyu something. somebody steals from a peaceful man, the grievances will be general
i'll keep you updated

If we monetized the debt and nationalized banks we could eliminate taxes while fucking these thieves.

pretty hard to fight them
just get it on your own?

A contrarian play still exists for SNC Lavalin.

They had some major issues with fraud and corruption in 2019 resulting in huge write downs. They also cant bid I World Bank contracts but they started to recover pre covid.

What's essential to consider is the Quebec gov't has a 20% investment and its a major asset in their pension fund. I doubt they let their Crown jewel go.

This post was edited by SBD on Aug 27 2020 01:58pm