RE:RE:you think we'll hitJohnny41 wrote: Seriously??? $25? You even have to ask that? if so then you should not be buying and selling stocks at all. The dividend in 2008 was 50 cents, today its 79 cents. This is a fully sustainable dividend. We have a 58% higher dividend today than 2008. The financial crisis (that didn't even affect Canadian banks anyways) is NOT happening again at this moment. Even if this exact same thing happened again and stocks did what they did back then, Ry would be 58% higher than $25, which is about $40. So even at todays price of 66.87, its getting oversold....... The sky is NOT falling. Buy today and hold for 10 years and Im sure you will be very pleased with the results.
Banks will be the next sector that will feel the pain. I sold some time ago after holding for years, I see the writing on the wall.
Short positions are increasing and US investors are the ones doing most of it.
Good luck, but don't say you weren't told.