Lions and friends… today’s sell off with banks is largely due to concern regarding exposure to Russian debt. The truth is, no one actually knows the extent of exposure US banks have to Russian debt.
Banks have certainly not performed well YTD, and on average my core bank holdings are down roughly 11%- which is nothing major, but down none the less.
US banks exposure to Russian debt is admittedly a problem which may lead to even more volatility, but as core positions which pay a nice dividend, I still believe that the major banks are a good place to be.
GM
Shoot 11% is nothing I have been down from 46k to 10k now that is a serious correction not ashamed to admit my losses. Learn from the past. An adapt into the future
Even though I've been right on different levels that I talked about we are all human and we all are prone to make mistakes life is unpredictable we do our best. Still taking a good guess is better than not knowing at all. We can try our best to get to a 90% consensus on an idea on where things are going but there's always still that chance that a monkey wrench can always come in.