by InteractiveAdvisors
by InteractiveAdvisors
Strategies

Trading Financial Stocks

by |Published

Roller-coaster-t7261
It continues to be a terrifying ride for anyone brave enough to be trading stocks in financials and yet the most bought and sold stocks on Covestor in the last month are still in financial services. Strong trading activity in Bank of America (BAC) and Citi (C) continues even with the growing risk of partial or complete nationalization.

There are some great posts on the site including:

  • Zmoose12 on Fas vs Faz
  • Graubart on the future of BAC
  • mysmp on Goldman Sachs
  • Ramtajogi’s regular watches – including AIG

We have also noticed a huge number of visitors to the site searching for strong opinions on the topic. Share your own views on the site of where you think this will all end.

AUTHOR

Interactive Advisors
Interactive Advisors
Interactive Advisors brings an online investment management marketplace to investors so you can access over dozens of portfolio managers, investing strategies, and advice.

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I believe September will prove to be much more representative of a “normal market” than June, July, or August, simply because the market will have all participants engaged. Summer is always a low volume situation, and as such, prices of stocks can get distorted with wide spreads on low volume. One caveat, I thought the same thing held true two years ago, and when the bottom fell out of Lehman, Fannie and Freddie, etc, I was surprised at the magnitude of the selling for the next 6 months. I do not see any events like that on the horizon, and I do not believe we will have a double dip recession. I also believe the bond market is in a huge bubble, and investors will feel the pain of it popping, especially with 2yr, 10 yr, and 30 yr Treasuries trading at all time low yields.