Strong comeback of quality finacial stocks

GS, WB,..... amazing comeback.
IYR is also up 5%.

 

BAC has had a nice run too!

BAC was a steal back @ 32 for long term investors. With a 6.5%+ dividend (largest EVER) and being one of the largest banks in the US ... I mean, it was a no-brainer for the ROTH.

 

Definitely not a time to short quality financial stocks for long term.
daytrading is different.

 

I missed it at @32 but grabbed it at 33 and change but now I am puzzled what to do with it

 

It's called a bounce of beaten down financial stocks!

 

That is probably because the low was 33.12. No wonder you didn't get in at 32!

 

UYG, had an impressive run as well up over 10%


Bought last week at 33.50 sold today at 37.00

will wait patiently for the next pullback below 32.00

 

You are right I just checked it. I guess this was a lucky one.

 

Already sold? I am still holding. Remember we might have more cuts next week and then I might sell.

 

How long do you think they can keep paying that divvy?