poor bears still scratching their heads, page-26

The banks always make their money.....I can't remember when last it was that any one of the majors posted a loss, and did not post a dividend.

When money is tight, and foreclosures of homes and alike abound, the banks invariably get their money.

Apart from that, electronic transfer of funds now dominates the landscape in all directions....whether people like it or not, society is moving towards a cashless society, quicker than I and most would like. We will have no choice but for our money to be passing through their hands.....and everytime that happens the banks will ensure that they pocket a little for their troubles....they will not go without.

But, as I said, when the bear finally roars one day, I'll be holding gold mainly (the physical stuff), property, and with some invested in banks and bluechips like WOW, BHP and WPL.

Anyway, that's the night for me.

:)