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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: CommanderCricket who wrote (103669)6/25/2008 11:35:57 AM
From: energyplay  Read Replies (2) of 206099
 
>>"The Street is rolling out of energy and into financials" <<

Yep. Look at a chart for the bank index, BKX.

I bough a little Bank of America BAC for a trade. A short term trade.

Dividend currently 9%....but even if that is cut 35%, that is still a good dividend. Price is 0.85 of book.
There are worries about their purchase of Country wide.
Of course, we taxpayers may bail out the housing market ;-)

Or, let's tax the oil companies, and use the money to bail out housing speculators.

Please do your own do diligence.
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