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The Crisis That Wasn’t?
A pre-FOMC limbo found investors biding time. It didn't feel like a "crisis" day. Indeed, depending
It’s going to be interesting to see if there are going to be significant 2nd and 3rd order effects as a result of this.
My bet is the acutely hit bank stocks will mostly rebound (don’t know about FRC), then the capital and regulatory fallout will pressure those stocks longer term. But still some short term trades available.
Bought NYCB last week, sold it Monday.
Traditional banks shouldn’t be growthy or lucrative businesses. Given all the public backstop they receive, they should be slow growth, low margin, conservatively run. Not unlike utilities.
Agreed.
Nice NYCB trade John.
First three rules of trading: manage your risk, manage your risk and….manage your risk.
Perhaps bankers should hire some traders?
Just joking.
Say what you will, but volatility, with certainty, make things – interesting.