June 29, 2015

Bank stocks in multi year bull market

While I am keeping all of my bank stocks on my Best Ideas List and within the context of my cautious market view (I am adding to my Direxion Daily S&P500 3X EFT, SPXS, this morning), I am taking a bit more off the table in the group.

That said, I continue to believe the rally in bank stocks will be a multiyear affair, and those with longer-term time frames should consider holding on to core positions.


Position: Long SPXS, BAC, C, JPM, WFC, BBT, MSL, SONA, MBFI, EFSC, STL, FITB, FMER, RF


VIA http://www.thestreet.com/story/13199785/1/yield-curves-a-pending-greek-depression-and-the-next-unforeseeable-catastrophe-best-of-kass.html

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