Quote:
Originally Posted by fleury
Same - even worse over the course of a week or so. I strictly hold:
BNS
BMO
TD
CBDT (garbage)
AMZN
Amazon in particular I've taken large hits on but none have gone unscathed. Rough. I have about 50% cash, and suspect there may be a little bit more hurt coming, but I believe in the above aside from CBDT. Thank goodness I took my tax loss on LSPD and PATH at year end because those have sunk. I don't think the markets are particularly rationale right now, as suddenly people don't come to these rationalizations that things ran up too far. Seems to be little bit more panic each day. Frankly I'm shocked bank stocks have taken a hit considering they'll be doing better in a higher interest rate market. So odd.
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Things don't go straight up, they ebb and flow. Higher interest rates MAY be good for the banks, but they may also be disaster (if they result in significant bankruptcies). Regardless, stock prices won't just keep going up and up and up without dips.
And the banks just enjoyed about a 15% jump in about a month. This 'sell-off' has brought us all the back down to prices not seen since about Jan 12th!
What exactly are you expecting?