RE: THOUSANDS WITHDRAW MONEY FROM FAILING BANKYou didn't really answer the question Gordon. Is BMO going to cut their dividend? Do you know anything about BMO's future revenue streams or anything about the Canadian economy? What are you doing with your money if you are so smart?
The US is in a mess...everyone knows this, but the market has already priced in recession. The market has already priced in that the Canadian banks will be hurt by the mess in the US...that is why the stock has ventured almost 50% down from it's peak!
The reality is that Canadian Banks are in a much better position than that of their US counterparts. The Canadian economy is better than the US economy. Canada is rich in natural resources, therefore, some areas of our economy are booming while the US has a dark cloud cast over it.
The reality is that you have an extreme view and usually the real truth lies in between extremes.
I don't really know what you add to this bullboard.
If your extreme view is correct then there is no point in owning stocks because the whole system is going to collapse. If you feel you are right then cash out all your money, stay away from banks and the stock market, and buy gold bullion.
So ask you again, why post if you think the system is going to collapse? What are you doing with your money?
For those of you who want a balanced view of the market the reality is that you need to be careful what you buy and have to ability to watch your stocks closely. There is money to be made on this stock (anyone who bought at or near $38 is up today), but this is not the time to be greedy.
GTLA