TraderZZZZZ! Haven't seen you around lately. Still wanted to thank you for your contribution to my Social Security Check received monthly. Looking forward to your next contribution to me. Received another $106 accrued interest today, everyday, 365 days a years, plus $1500 on the 15th and $1600 on the 27th from those banks you trash. If you want to know the secret of investing, let me know. You definitely could use the help.
Bank executives may be complaining that new regulations will crimp their style, but bond investors are embracing the push for discipline.
New rules that will force banks to hold more capital and rein in riskier activities are expected to slow earnings growth for years to come. While that is bad news for shareholders, many bond investors say it is a reason to buy.
"We really like them," Michael Collins, senior investment officer at Prudential Fixed Income, said of bonds issued by big banks. "The headlines are negative, but the underlying fundamentals are really favorable."
I sold and shorted at 7.69 right before the minutes were release. Good so far. It looks like the stock is maybe being propped up for the big boys to exit before earnings. Not sure but that could be the reason it is still holding up.