Lions.. I know you are ready for this because I posted here 2X recently to look out for A PULLBACK WITH THE BANKS.
It appears that the banks are pulling back this morning. JPM, GS, and BAC are lower pre-market. I REMAIN A MASSIVE BULL WITH THE BANKS AND WE SHOULD CONTINUE TO BUY THEM MOVING FORWARD.
As I said in my previous newsletters, in my opinion… BUY ANY DIPS! Including this one.
GM
LINKS BELOW TO THE 2 NEWSLETTERS I SENT OUT EXPLAINING TO BUY THE BANKS ON ANY DIPS.
Blackrock alone manages 10 trillions
https://www.wsj.com/articles/blackrock-now-manages-over-10-trillion-in-assets-11642162013
I don't know why do we even discuss FED's small little tiny 8 trillions balance sheet. It's useless and immaterial. It hardly has any effect on inflation.
https://www.reuters.com/article/us-usa-fed-yellen-purchases-idUSKCN11Z2WI
Fed possibly buying stocks huh? Who saw that coming?