RE: Well its door number threeThinking like that is dangerous. Honestly, I have no idea if the shareprice is going up or down, but banks did have a nice run in the last 10 years. NOTHING IS BULLETPROOF. Banks could be doing quite well and the share price could be in the pits. Sure, banks could be still making a ton of money, but the slightest drop in earnings will send the shareprice south and the trend could continue for a really long time.
Don't fall for that bulletproof story from your investment advisor. That being said, I do beleive that 3 of the 5 Canadian banks will reach 100 bilion market cap in the next 5 years.
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Regardless of the problem .....the banks are bulletproof !!! They'll just raise the rates to compensate for losses & they all do it together ....
This is a no brainer ....
In fact...it offers great potential for day trading .... as well as long term investing ....
Do you really think any of the banks are going to have a lengthy drop???