BAC - Big Tumble Ahead

3 нояб.

Despite Fed attempts to juice the economy with interest rate drops, looks like the dollar and the US economy in general is set for some reversion to the mean. Many articles claim that the Fed is bankrupt and as longer term interest rates continue to climb, Bank balance sheets are surely in a perilous condition. ANd that's only what we see. So many other off shore, non reportable bank entities are masking the true disaster that bank stocks really are.

I held put positions this past year in bank stocks but it has not yet panned out in my favor. Doesn't mean that I'm wrong though. My ideas are usually sound but my timing is seldom spot on. I.e, I've been buying physical gold and silver since 2014. The real challenge is living long enough to see my ideas get realized.

As I plan for my 2025 positions, I'll surely be adding some bank puts to my portfolio.