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Strategies & Market Trends : 50% Gains Investing
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To: Cogito Ergo Sum who wrote (76288)4/13/2009 6:24:38 PM
From: Keith FeralRead Replies (2) of 118717
 
The collapse of the VIX and SKF suggest the bear market has turned. Banks look like better opportunities than cash, coming out of the bear market, recession, or washout over the past couple of quarters. This is the time to buy back in for the long term. I can't imagine the banks not being the bester performers for the next couple of years.

CEF's are a nice yield replacement for cash PCN, PTY. All these bank preferred funds look pretty attractive too - PFF, PGF. If the banks keep on rallying, these high double digit yields are going to fall below 10% by the end of the year. Nice total returns as long as the banks keep working. If they are done going down, they have all the time in the world to recover.

Common sense tells me the banks are the best place to be. Bank preferreds are great ways to pick up the yield along the way too.
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