UYG is going to a huge winner when the financials do turn around, I see that gaining over 200% when things finally settle down and the financials begin to show that these credit problems are behind them, but I don't think this is going to happen anytime soon, at least 2-3 yrs away in my opinion, Im looking to get UYG under $30 a share for the LONG TERM.
Amen. And if you insist in buying financials, GS in the only wise choice. Forget about those troubled by subprime. We are nowhere near a subprime bottom yet.
You seem to beat the pack! People are talking about recession, depression, sky is falling, triple bottoms, bear market all over this message board these days and you are planting different type of seeds? WOW! I am impressed by your optimism on these matters. Thank you very much.
I was thinking the same thing. I don't watch the financials at all, but I'm starting to get interested too, and put some up on my watch list. I still want to see more deterioration in the Dow though.
Value play my ass. Sucking innocent victims into your vortex of greed. Since when these companies are trouble free and on sale? They are cheap for a very good reason- they are damaged goods.