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Showing posts from April 6, 2008

Breaking the banks.

Well its Sunday April 13, 2:44 am in the morning and I could not sleep. Went out the other night and drank to much, Hah. Didn't want it to end. I am becoming a lush. lol. Thought, I would do a little update as I couldn't stop thinking about an article I had read in Reuters on Friday April 11, 2008- " Bank rally is a bit premature : James Saft ". He makes the case that the recent rally in the banking/financial sector is very premature, because many banks have not cleaned up their balance sheets yet, and that the downward trend in financial stocks since last year may still have a ways to go before investing in the financial sector becomes a good idea again. Well, I thought that article made a bit of sense. I for one was thinking that the banking and financial sector may have been beaten down a bit too much and there may be an opportunity to make some money, ' moulah' , 'dinero' , somewhere in there- but I was also thinking if its worth the risk? How woul