Originally posted by DimPrawn
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Previously on "I reckon there's money (good money) to be made buying EU banks soon."
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Originally posted by eek View PostI got it years ago (an economics degree can occasionally be useful).
What I'm really looking forward to is the reaction of France when Germany turf them out from the euro.
Gawd I'm sounding like SAS
Off to bed for Suity
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Originally posted by suityou01 View PostFinally eek I think you get it
Keep an eye on BNP Paribas and Soc Gen shares over the coming days
Tomorrow will make today look like a day at the races
What I'm really looking forward to is the reaction of France when Germany turf them out from the euro.
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Originally posted by eek View PostIf only a trillion euros is enough. with Italy facing the final curtain France is rapidly warming up just in time for Spain to reveal the real mess they are in when the new government takes power.
Just wanted to cheer you up a bit.
Keep an eye on BNP Paribas and Soc Gen shares over the coming days
Tomorrow will make today look like a day at the races
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Originally posted by eek View PostIf only a trillion euros is enough. with Italy facing the final curtain France is rapidly warming up just in time for Spain to reveal the real mess they are in when the new government takes power.
Just wanted to cheer you up a bit.
I think this sums up the situation and why there's no point worrying.
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If only a trillion euros is enough. with Italy facing the final curtain France is rapidly warming up just in time for Spain to reveal the real mess they are in when the new government takes power.
Just wanted to cheer you up a bit.
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I reckon there's money (good money) to be made buying EU banks soon.
In 2009, Santander ADR (Banco Santander, S.A. (ADR): NYSE:STD quotes & news - Google Finance) went down to just over $5 a share, by then end of 2009 it was over $17 a share, tripling your money after the bailouts.
Now it's down to $7.5 a share, I expect to see it lower, but at some point the ECB will print a trillion Euros to save the day and EU banking shares will rocket, doubling or even tripling over a 12 month period. These banks are "too big to fail".
I'm keeping my eye on a list of EU banks, when we are at maximum doom it's time to pile in big time and then clean up post printy printy.Tags: None
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