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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: Haim R. Branisteanu who wrote (80974)10/7/2011 8:43:25 PM
From: 2MAR$  Read Replies (1) | Respond to of 220180
 
This is what stalled the rally today both the Moody's downgrades of UK banks , England's $150Bil QE3 showing just so much future weakness and no real resolution in the Euro situation . If one believes in this getting repaired into 2012 then the banks are a good buy but the market can't really justify higher levels without the Banks & financials participating . Then we have our own 2nd round of debt ceiling debates & deadlines approaching again (more "glee") with Greece back in the spotlight heavily in Nov too .

Intraday chart of DB shows losing all the gains of the morng & then some showing how much fear there still is , or one can just see another buy opp for DB is one of those that you want to own when it bottoms out perhaps . At $31.50 monday i could see a trade long but above $38 wouldn't touch...

Not sure why Royal Bank of Scotland is worth 7.5bil more than DB , suppose we'll all know in a month or two , but this is either another great buy opp setting up here you regret later , or still too high with whats yet to come.
Hard to think its not "cheap" here . But sure is "on the edge"