Archive for November 25th, 2009
Daily Archive
Wednesday, November 25th, 2009
Stay with the big financials
I’ve been investing heavily (50% of portfolio in BAC and WFC) into the big financials since the FED took the rate to basically nothing. With recent announcement of keeping the current low rate for “extended” time, large banks will undoubted rip in profit as they continue to benefit from the spread. And despite the current run since the low [...]