A Turnaround for Financials

I’ve been pretty down on financials for the past several months, but I think the sector is finally a good buy. Two months ago, I said that the Financial Sector ETF ($XLF) would be a good speculative buy if it fell below $12 per share. Eventually it did. On October 3, the XLF got as low as $10.95. I think it has a reasonable shot of hitting $16 within the next 12 months. In early 2007, the ETF came close to $37.

Posted by on December 8th, 2011 at 10:48 am


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

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