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!
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