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Direxion Daily Financial Bear 3X ETF Message Board

  • seasonedspec seasonedspec Oct 14, 2011 10:05 AM Flag

    Headline News About Failing Banks Is Coming

    Many major banks both in Europe and in the USA have very serious problems. Most of the public is inaware of the huge debt issues faced by so many of these institutions. The banks do a great job of hiding the problems that they are now facing. In Europe we have the sovereign debt issues and the gigantic loans to the various PIIGS nations that must be written off within the next few weeks. This problem is not going to go away, and kicking the can down the road is not a solution. In this country we have the gigantic housing foreclosure issue that cannot be solved as long as so many are unemployed and unable to meet their mortgage payments. The banks are holding thousands of properties that are vacant and losing value every day. Unless they are again bailed out because they are "too big to fail", many banks will go under. Our best move to is load up on FAZ and wait for the inevitable bad news from banks which will soon become headline news in every newspaper. SS

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38.42May 23 4:00 PMEDT