RE: Yankers says BMO bottoms @ $28IMVHO, BMO is oversold short term.
Over the long term, I can't see how Canadian banks could fail. They are a monopoly in Canada. Shorting any Canadian bank is like betting against the house. One can win a few hands (shorting banks short term), but will always loose over the long run. House always wins. That's the way it is.
Canada needs a healthy banking system in order to prosper. Our government will do whatever it needs in order to fix its banks and make sure they return to profitability. And by the way, we have enough money in Canada (after all our budget surplusses and with our commodities (oil, BMs & PMs, etc...) to fix problems 10 times bigger than this one !!!
Cheers
CQFD
Ps: yank, you're picking quarters in front of a bulldozer... GOOD LUCK !!! lolrof...
Pps (to all Canadian Banks shorts): Many thanks for the great bargains !!! lol... Please short some more, I'm not finished buying.