basically I won't touch the banks till maybe December... the cash splurge by scomo runs out in August..no international travel till maybe December.. even if the governments cash splurge on big projects ..nobody will see money in there pay until a year later.. September and October will be uglier..October usually is a bad month for markets .. I will buy bank shares in December or January 2021 .. and they won't be higher than they are today .. people do not understand how we have not seen the worse of the economic impacts yet .. .. everyone is kidding themselves.. things will not start to turn around till 2022 ..
WBC Price at posting:
$14.77 Sentiment: None Disclosure: Not Held
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