Todd Harrison On A Financial Sector Rally

Here’s some reason among the panic:

If you were to ask me last year what it would take to become more constructive in this sector, however, I would have pointed to four primary points.

The first is time and price, both of which have come to pass. The second is analyst recommendations, which have flipped from table-pounding buys to a litany of “sells” and “holds.” The third is sentiment, which is now the mirror image of where we were. Finally, I would have said that a high profile bankruptcy would be needed and Bear Stearns qualifies as such.

It’s important to remember that the Depression was an era rather than an event. During that period, equities enjoyed rallies that littered hope amongst the despair. I believe we’re in for a similarly sullen stretch, one that lasts a lot longer than most people think. But that doesn’t mean we can’t rally along the way.

full story

This entry was posted in Uncategorized. Bookmark the permalink. Both comments and trackbacks are currently closed.
  • Here are your three options:

    Option 1: Annual Subscription (no refunds)

    For just $200 per year, you’ll receive everything listed above to completely upgrade the way you manage your investments. This is 17% cheaper than the monthly option. This is what I recommend:

    Option 2:Monthly Subscription (no refunds)

    If you'd like to try The Kelly Letter  without paying the full year, you can pay $20 per month.

    Option 3:Free Email List

    If you'd like to hear more from me but aren't ready to part with any money yet, you're welcome to join my free email list:

    Join the free list

    Thank you for the work you do. You're a household name here and my wife and I often discuss your letters on Sundays. My ten- and seven-year-old children recognize your name and will eventually be taught to invest using 3Sig and 6Sig. You've had an enormously positive impact on our investing and inspired me to look at the world in more rational and clear terms than I did years ago. I'm sure that thousands of others would say the same. Kelly Letter subscriber Matt Barnes
    Matt Barnes
    Product Line Director

    Join Matt and thousands of other rational investors to invest without stress.

    Subscribe to The Kelly Letter  now!

Bestselling Financial Author