Open Question

this is the good time to hold on to XLF...?

Asked by tripple 1 month ago - 2 answers - 41 views
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They seem to be in the negative spotlight again. I think if you cost average
down and you want to hold for a while now is the time. Bernanke this week
definitely makes it sound like they are not ready to sound the all clear. I will
say he seems to think we are closer rather than further away from the point
though. Not sure that made sense? As someone wanting to get into this one and
following the headlines, I think we are close to or at 3/4 of the way through
for the worst of the bunch. They will not be allowed to disappoint as badly as
they did last Q. If they do those banks are deep s---. XLF should help limit
that exposure and when things are right even though it is an ETF there should be
tremendous upside.

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I made some money on it early in the year when it came up from a bottom for a
bit, but I've decided to stay away from financial stuff for a good while.

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