Short Banks - Regionals Tumble
Yearly analysis of DPST, which tracks KRE with 3x leveraged expsoure.
My grand idea to build up savings last year was to buy DPST around $58, and hold until $200.
Though I sold earlier than my plan intended to due to problems outside of my control, DPST eventually did make record gains to $200+.
With COVID increasing in variants, banks have tumbled again. Stimulus is drying up. The country is in deep debt.
Even Ecuador has savings and checking accounts with 8% interest. US banks are behind the world economy in many ways and suffering as a business fundamentally as a direct result.
I predict further downside as the year drags on.
Please follow your own predictions. Thanks!
My grand idea to build up savings last year was to buy DPST around $58, and hold until $200.
Though I sold earlier than my plan intended to due to problems outside of my control, DPST eventually did make record gains to $200+.
With COVID increasing in variants, banks have tumbled again. Stimulus is drying up. The country is in deep debt.
Even Ecuador has savings and checking accounts with 8% interest. US banks are behind the world economy in many ways and suffering as a business fundamentally as a direct result.
I predict further downside as the year drags on.
Please follow your own predictions. Thanks!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.