I reckon there's money (good money) to be made buying EU banks soon.

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Freamon replied

10 November 2011, 00:02
Originally posted by DimPrawn View Post

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.

SOLD to you!
Leave a comment:
MarillionFan replied

9 November 2011, 22:57
Feck off. Clean sweep in progress.
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eek replied

9 November 2011, 22:56
Originally posted by suityou01 View Post

From which Poly?

Gawd I'm sounding like SAS

Off to bed for Suity

Poly? Do you mind its a Harvey's No questions asked back of van $50 desmond special.
Leave a comment:
suityou01 replied

9 November 2011, 22:30
Originally posted by eek View Post

I 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.

From which Poly?

Gawd I'm sounding like SAS

Off to bed for Suity
Leave a comment:
eek replied

9 November 2011, 22:28
Originally posted by suityou01 View Post

Finally 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

I 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.
Leave a comment:
MarillionFan replied

9 November 2011, 22:27
Market will be up tomorrow at the end of the day.
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suityou01 replied

9 November 2011, 22:23
Originally posted by eek View Post

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.

Finally 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
Leave a comment:
DimPrawn replied

9 November 2011, 20:50
Originally posted by eek View Post

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.

Thing is, if you are printing money,you can just add more zeroes until you get an arithmetic overflow on the computer at the bank.

I think this sums up the situation and why there's no point worrying.
Leave a comment:
eek replied

9 November 2011, 20:46
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.
Leave a comment:
DimPrawn started a topic I reckon there's money (good money) to be made buying EU banks soon.

9 November 2011, 20:40
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.
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