I’m aware however the equity is negligible at this point.

I’ll just balance the losses with the winners

Emerging markets isn't a bad move but there is the lack of regulatory oversight to GAAP and corporate governance. Recessions are bad for fraudsters as there is a heightened focus on cash and other tangible assets, that's why every week there's another accounting fraud going public. Therefore, my logical conclusion would be that ceteris paribus emerging markets will be worse off, but in the long run a diversified EM fund will be fine.

banks are a solid deal right now , wfc prob one of cheapest stocks for that dividend rate no ?

Makes it easier when the losers don't go to zero

Wells i think is still a few years from getting their shit together. One of the few that actually trimmed their dividend.

I've bee holding BAC for a few months, up a few % on it. I kind of agree with you on the large banks tho. I think they are priced for near zero rates which is generally bad for banking. I think their loan losses are going to be less than people expect with the fed backstopping everything so i don't see too much bad debt accumulating on their books as a result of covid.

Also have some August BAC calls, but those i'm probably just going to trade once BAC get's back to $25

This post was edited by ofthevoid on Jul 1 2020 01:23pm

Yeah and it’s still showing so much weakness despite rest of market rallying atm including rest of finance sector ahead of it. Next correction they gonna take a hit lol, scary to think they are still near March lows despite everything else recovering

Why is Trump so bad for the economy?

Say what?

https://www.fool.com/investing/2020/07/05/berkshire-hathaway-is-buying-dominion-energys-gas.aspx

buffet does a pretty big buy here by acquiring dominion energy