Canadian Banc Corp T.BK

BK continues to surge up..

[mouserman]

Today TD went ex divvy, and when that is taken into consideration all the CAD  holdings are up. The minor holdings in the US banks would be flat , with the CAD again stronger vs USD...

[deisman03]

IMHO, Jerome Powell's statements on interest rate cuts in September had more to do with banks gaining investor trust again than anything else.  This may just be a dead cat bounce, a minor one at that, but it may also be incicative of big players getting back into bank stocks, especially as bond yields start to go down. GLTA the good folks here. 

[tinkvid]

Big players might be moving back into BK prefs...Volume and activity sure flipped a switch. What are the chances the BOC cuts on July 24?

[deisman03]

BOC cuts. Your guess is as good as anybody's at this point.  POLITICAL EXPEDIENCE IS THE NAME OF THE GAME IN CANADA AT THIS POINT.  Time will tell all.  What happens in Canada, stays in Canada as far as financial institutions go, when it comes to intererest rates.  What happens in the US is another story.  Right now, there is a growing tendencey around the world

[flamingogold]

deisman, that's a very gloomy forecast. The markets have survived much worse. If you're trader, the second half of this year is going to provide much opportuntiy. For longs, it's an opportunity to add and reap even more distributions and over time capital gains. Both of us can be winners. It's not as bad as you make it.

[deisman03]

We all have our opinions.  I guess it's your interpretation of GLOOMY? Everything I posted is verifiable.  Opportunity is different for each investor.  The whole world is always in flux, but there are times when insanity seems to take hold and increases the turbulence and damage exponentially.  I'm not saying the world is coming to an end or the whole financial

[flamingogold]

I personally don't own TD, but do so through BK of course and a few other funds. Let me just clear the air... no Canadian bank will ever go under.... at least do not wish for it either because if one did then we are in trouble that will make the US 2008-09 housing crash look like a picnic. Call me overly bullish, but I believe in 2 things.... first don't bet against the FED. Second, don&

[deisman03]

You should have said that in your last post. I can't read your mind.  I don't believe the banks or anything else is on the verge of collapse right now, other than the Liberal Party of Canada and their Sociopathic leaders. 

[itsthehitman]

I personally am jumping ship at 12 bucks....happy with the divis and the capital appreciation but time to move on out of banking sector. 

[deisman03]

I see where you're coming from, I also play the swings, mostly because it's a far more profitable strategy.  Like Mouserman, I recently bought back in.  Am I staying in for the long run to play the average? Not a chance.  As of today, I'm up appx 19+% on BK with my strategy.  I will be the first to admit it doesn't work every time but it works far more often