That's probably true. But their losses are piling up and it's going to take years for them to get out of the hole they're digging. I'm avoiding airlines and banks, even though Canadian banks were a solid bet for the last 20 years.
Getting rich
- Thread starter Spacealien2
- Start date
I pulled my money out of airlines and put them in tech / retails. Instantly up 40% this week. Wish i had done that sooner. lost 5% to hedges. Why even hedge.
Message toSpacealien2, RE: Retail - If there is a recession / depression people will not be buying much.I pulled my money out of airlines and put them in tech / retails. Instantly up 40% this week. Wish i had done that sooner. lost 5% to hedges. Why even hedge.
Airlines in the U.S. come and go, banks are still OK for now but wait till the sheiss hits the fans with reports of business and personal loan defaults. Banks will come back one day, but when?That's probably true. But their losses are piling up and it's going to take years for them to get out of the hole they're digging. I'm avoiding airlines and banks, even though Canadian banks were a solid bet for the last 20 years.
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Selling my apple calls this week before banks earnings. I think banks will do very well, compared to analysts' estimate at least.
