The banks are not stupid, I guarantee they have been waiting for a day such as this to come. I am pretty sure the reason that hedge funds, prop trading, and private equity groups are around are because of “Bank Regulation Rules” that forced them to start these different sorts of investment vehicles. These vehicles allow them to bend the rules that the Hill puts on them.
I totally disagree that in the long-run this will hurt them. This should help them come up with other creative methods of banking and therefore win again and again for the shareholders. There is no need to worry, however… With the market at these levels I refuse to go all in on the long-side again. I will wait and short the market and see what happens. I have turned bullish to bearish and until the market continues its march upwards I will remain bearish.
I still have a few long positions that I am in CHOP ZAGG GAXC.OB and MPEL all these are still trading under book value and should increase in significant value as time goes on.
Today there are a ton of great buying opportunities! www.csquaredtrading.com
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