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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: reno4 who wrote (44053)	8/23/2011 5:43:51 PM
From: Spekulatius	Respond to of 78478

>>Do you still like BAC? The following post may be interesting. Yves is very critical of banks in general but she seems really smart and well informed.<< I hate BAC and sold my small position at a loss. I swapped some into C but I am not sure what to do about the rest. it does not seem like financials are the place to be right now. As for SLW and particular GLD, the moves we have been seeing today are typical of a market top. Speculators got too complacent buying into this asymptotical chart.

To: reno4 who wrote (44053)	8/24/2011 5:17:50 PM
From: Madharry	Read Replies (1) \| Respond to of 78478

I have read a lot about how the financials are such bargains etc. Rethinking this, I would submit that banking has changed a whole lot. It used to be you bought a bank stock you were supporting your local community, getting a decent dividend to boot and as the community grew so would the bank and the value of your stock. later on as banks become larger they became like growth stocks expanding into new areas. Now we are left with mature turn around situations where there is no dividend no assurance when the dividend will be reinstated and no assurance of return of capital either. So under what circumstances do I want to be a shareholder as opposed to being a bondholder? I really think the game has changed. The big banks have turned into highly speculative ventures and i just dont see how the small investor will ever get rewarded. I would rather put my money into bdcs that return most of their profits to shareholders. I think it will be more difficult for banks to raise equity going forward too.