On Friday the DJIA set a record high, and BBT shares lost over 6% of their value on volume approximately five times greater than normal daily volume. Generally, bank share prices have headed south, some to new 52-week and two year lows.
Having said that, can you remember a time when the American economy was doing so well, and when the DJIA was setting new highs, but the share prices of bank stocks were headed in the opposite direction......down? I can not remember such a time.
Inflation rate low....unemployment rate low....interest rates perhaps trending modestly up....no major wars going on involving U.S.....generally rising standards of living globally....economic conditions relatively good in Europe and improving in Asia............and bank share prices setting new lows. Is this the New World Order?
been going, but it makes sense to buy now. I did, when yield is at the present rate, and the protential is there, do it. It's only money, and anyway, my grandchildren can spend it..... Merry Christmas and Happy New Year everybody!!!!!