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Old 06-27-2016, 12:39 PM   #15
Halfcan Halfcan is offline
In Search of a Life
 

Join Date: Aug 2005
Casino cash: $8095
Quote:
Originally Posted by Holladay View Post
This is a no brainer buying opportunity. Scrape any extra money and dump it into ANYTHING. When blue jeans go on sale, people buy. When the market goes on sale, people run.
Lloyds banking and other financial stocks down by as much as 25% in 2 days.

That was my point-the money was made on the way down-not trying to time the bottom of the market and hold until it corrects. How long will it take Lloyds to gain that back?

I thought CS and DB had bottomed out, but they just got hammered again. I lost over 5% in my RBC stocks and BMO that killed the slow gains from a month of steady climbing. I will get a nice dividend in a few weeks that will be reinvested at the lower stock price-but it is still crap since they are some of the most solid banks in the world and have a low exposure to Europe compared to most other banks.
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