MARKET UPDATE: Bank Stocks SURGING. JPM, GS, BAC.
From Greg M
Lions, in a recent video I said that in order for this market to put on meaningful gains the banks “need to play.” I also said that it looks to me like the banks “want to play.”
Well. JPM, GS, and BAC are certainly playing today- each of these are surging higher.
As of this post. 9:00am PST the major stock market indices are up strongly- the day is not over.
If you have not yet, I would suggest that you watch my morning report- below.
And now would be good time to consider protective puts, not AFTER we retest the recent lows.
Yep hope my fidelity guy hung on to jpm