The Last Hope for Banks
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Traders, we have got to sit down and take a moment to talk about those d*** banks.
Some nights I wake up and think, “If only the banks would grace us with their presence and actually participate in the rally!”
But alas, they will not.
Here’s my take: Banking stocks probably won’t help you finish 2020 with any money left in your pocket…
Even Warren Buffett decided to cut his losses and sell his long-time Wells Fargo holdings.
Maybe he saw this chart, which shows exactly how grim the future of banks actually looks…