A good time to buy banks?
#1
![Default](https://www.scoobynet.com/images/icons/icon1.gif)
All bank shares seem to be at 12 month lows. UBS, M/Lynch are really 'cheap'.
Before anybody says subprime, I know why the share prices are down, but could this be a time to buy?
Before anybody says subprime, I know why the share prices are down, but could this be a time to buy?
#2
Scooby Regular
Join Date: Jun 2005
Location: Shell petrol station
Posts: 4,495
Likes: 0
Received 0 Likes
on
0 Posts
![Default](https://www.scoobynet.com/images/icons/icon1.gif)
like i tell my clients, very simplistic but, would you go shopping to buy your jumper the day before the sale or when the discounts are available?
#3
Scooby Regular
Join Date: Apr 2003
Location: South Bucks
Posts: 3,213
Likes: 0
Received 0 Likes
on
0 Posts
![Default](https://www.scoobynet.com/images/icons/icon1.gif)
J.
#4
![Default](https://www.scoobynet.com/images/icons/icon1.gif)
If you can afford to buy a bank, like most of us on scoobynet
then best retire to your yacht and not take the risk ![Lol1](https://www.scoobynet.com/images/smilies/lol1.gif)
Sounds like a sound idea to me, but then I'm clueless about this stuff.
![Big Grin](https://www.scoobynet.com/images/smilies/biggrin.gif)
![Lol1](https://www.scoobynet.com/images/smilies/lol1.gif)
Sounds like a sound idea to me, but then I'm clueless about this stuff.
#5
#6
![Default](https://www.scoobynet.com/images/icons/icon1.gif)
Yes very true, AL, Lloyds, Barclays etc have all rebounded from their lows. Wish I'd had the courage then to buy.
#7
![Default](https://www.scoobynet.com/images/icons/icon1.gif)
I bought a bunch of UBS stock as a medium term investment. Reckon their total write down was very conservative and I expect to make a 20-30% capital gain within a year. Naturally if I'm expecting this much as a gain, the perceived risk involved isn't for the weak hearted. ![Smile](https://www.scoobynet.com/images/smilies/smile.gif)
Did you do any curry / carry trades in the end?
![Smile](https://www.scoobynet.com/images/smilies/smile.gif)
Did you do any curry / carry trades in the end?
Trending Topics
#8
![Default](https://www.scoobynet.com/images/icons/icon1.gif)
I bought a bunch of UBS stock as a medium term investment. Reckon their total write down was very conservative and I expect to make a 20-30% capital gain within a year. Naturally if I'm expecting this much as a gain, the perceived risk involved isn't for the weak hearted. ![Smile](https://www.scoobynet.com/images/smilies/smile.gif)
Did you do any curry / carry trades in the end?
![Smile](https://www.scoobynet.com/images/smilies/smile.gif)
Did you do any curry / carry trades in the end?
![Lol1](https://www.scoobynet.com/images/smilies/lol1.gif)
Thanks for your advice at the time though
![Smile](https://www.scoobynet.com/images/smilies/smile.gif)
#9
Scooby Regular
Join Date: Apr 2003
Location: South Bucks
Posts: 3,213
Likes: 0
Received 0 Likes
on
0 Posts
![Default](https://www.scoobynet.com/images/icons/icon1.gif)
I bought a bunch of UBS stock as a medium term investment. Reckon their total write down was very conservative and I expect to make a 20-30% capital gain within a year. Naturally if I'm expecting this much as a gain, the perceived risk involved isn't for the weak hearted. ![Smile](https://www.scoobynet.com/images/smilies/smile.gif)
Did you do any curry / carry trades in the end?
![Smile](https://www.scoobynet.com/images/smilies/smile.gif)
Did you do any curry / carry trades in the end?
![Big Grin](https://www.scoobynet.com/images/smilies/biggrin.gif)
Personally, I think there may be a 2nd bargain season once the banks start revealing the full extent of their muppetry. Citigroup could be good bet though it's frightening how much the SP has dropped in recent months.
J.
#10
Scooby Regular
Join Date: Sep 2001
Location: Kingston ( Surrey, not Jamaica )
Posts: 4,670
Likes: 0
Received 0 Likes
on
0 Posts
![Default](https://www.scoobynet.com/images/icons/icon1.gif)
Wait for the 3rd 'adjustment' to the writedowns ... bad stuff (tm) comes in 3's ...
I'm still thinking resources are the way forward in 2008. Most of the predictions on profitability were based on $55 oil, and it's been way over that for most of 2007.
I'm still thinking resources are the way forward in 2008. Most of the predictions on profitability were based on $55 oil, and it's been way over that for most of 2007.
#11
![Default](https://www.scoobynet.com/images/icons/icon1.gif)
Steve when you say resources what exactly do you mean?
#12
Scooby Regular
Join Date: Jun 2005
Location: Shell petrol station
Posts: 4,495
Likes: 0
Received 0 Likes
on
0 Posts
![Default](https://www.scoobynet.com/images/icons/icon1.gif)
FTSE is suspected to bounce back this year to close around 7000 mark from various financial press sources, when that will start to pick up who knows, thing with the markets is they will go up and the oppourtunity will arise to sell out for a nice margin when the oppourtunity comes we dont know. I personally think with the markets its more about the timing than the stock.
Safe havens, times like this (sub prime) will be in commodities and the tobacco industry, traditional favorites. Mining sector seems to be the culprite for sustaining the markets while the retail and banking sector endured a tough time in the build up to Christmas and potentially short to medium term future
Safe havens, times like this (sub prime) will be in commodities and the tobacco industry, traditional favorites. Mining sector seems to be the culprite for sustaining the markets while the retail and banking sector endured a tough time in the build up to Christmas and potentially short to medium term future
#14
Scooby Regular
Join Date: Aug 2005
Location: Home of Sky cop shows SLOUGH
Posts: 331
Likes: 0
Received 0 Likes
on
0 Posts
![Default](https://www.scoobynet.com/images/icons/icon1.gif)
I would definitely wait-and-see on this one.... old Chinese proverb about catching falling knife etc(it is easier to pick it up off the floor).
Over the past five years or so the banks have been making all of their profits from mortgage-backed securities. For the stock price of these banks to improve this market has got to come back. Quite simply it is not going to come back.
Also for the banks to improve the economy needs to pick up. It's highly unlikely the economy is going to pick up over the next few years. Meaning more businesses/people are going to go bankrupt and there is one sector that takes it harder in the waste delivery pipe without any form of petroleum-based lubrication than anyone in a recession....banks
Over the past five years or so the banks have been making all of their profits from mortgage-backed securities. For the stock price of these banks to improve this market has got to come back. Quite simply it is not going to come back.
Also for the banks to improve the economy needs to pick up. It's highly unlikely the economy is going to pick up over the next few years. Meaning more businesses/people are going to go bankrupt and there is one sector that takes it harder in the waste delivery pipe without any form of petroleum-based lubrication than anyone in a recession....banks
#15
Scooby Regular
Join Date: Aug 2005
Location: Home of Sky cop shows SLOUGH
Posts: 331
Likes: 0
Received 0 Likes
on
0 Posts
![Default](https://www.scoobynet.com/images/icons/icon1.gif)
Another musing around this situation:
The sub prime problem was small in comparison to the wider financial system. Yet this relatively small issue caused the entire financial system to mess the bed in a spectacular fashion.
What worries me most about banks is if a serious financial problem hit such as a major recession war etc you're probably looking at an unprecedented collapse.
Buy Gold
The sub prime problem was small in comparison to the wider financial system. Yet this relatively small issue caused the entire financial system to mess the bed in a spectacular fashion.
What worries me most about banks is if a serious financial problem hit such as a major recession war etc you're probably looking at an unprecedented collapse.
Buy Gold
![Thumb](https://www.scoobynet.com/images/smilies/thumb.gif)
#17
Scooby Regular
Join Date: Aug 2001
Location: Warrington
Posts: 4,554
Likes: 0
Received 0 Likes
on
0 Posts
Thread
Thread Starter
Forum
Replies
Last Post
Mattybr5@MB Developments
Full Cars Breaking For Spares
33
29 August 2017 07:18 PM