BMO should hit 46.01 in the next few ...trading days. That's the 20 Day MA... then it might pull back slightly then resume it's climb back to the 40 Day MA of 50.89. No garantees... just what I am seeing.
And I see the Doom and Gloomers are back even before any normal pull back... that didn't take long.
Just to remind people this is Canada and we are still selling houses here and the prices are either stable, or going up (still!).
And the Banks are still writting mortgages and charging fees and paying a dividend. In BMO's case 2.87 or 6.97% and with reported earnings of 1.22 Q1 and projected earnings of 1.21 Q2 and 1.29 Q3 and 1.36 Q4... I am not overly worried.
If you want to believe the talking heads that are shorting the he## out of financials or are trying to save their asses in gold go ahead.
Everyone of these people that we we talking it up on BNN or Bloomberg or CNBC or just the news...have a personal interest...they are not there to help YOU period.
Remember that they are trying to sway the market for their benefit not yours, always. Just like they were trying in London recently and what they did to BSC, and what they continue to try to do here.
Stand back and take a longer view of this whole market (1 - 2 years from now) and screw the pessimists ...if their vision of the world ever came true...the way they describe!!! they would be the first to be hidding out their beds, crying for mommy. And EVERYONE would be hurt including these un-happy people.
That's the part these Doom and Gloomers don't seem to understand...so good ahead listen to these billionaires and talking heads.
Cheers everyone... have a great long weekend