RE:RE:RE:RE:Bmopackerdriver wrote: HOW TRUE !!! I loaded up on utilities, the "bond proxies", a year ago when interest rates were "high" and their SPs swooned.....they are ALL up substantially now...and their dividends are ALL above 5%...STILL !!! That was easy money!....Now it's the banks turn...
Ocalaman wrote: Another way to view it would be ,if you believe in the banks ability to thrive and over 100 years in business could confirm that, the 500 shares would have paid you over 3 k in dividends in the next 12 months and if the price never moved off todays number you sold at you would be in the black. Warren Buffett said it best. " Be fearful when everyone is greedy, be greedy when everyone is fearful.”
Downgrades for Canadian Banks have only just begun.
Easy money was exiting them a year ago, prior to the ship storm.