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6 pts

Opinion on  KBW Regional Banking ETF (KRE)     Sector: Financial  >  Industry: Misc. Financial Services
Many regional banks will fail

Apr 23, 2008 09:15 PM GMT
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Return Risk
-5.58% MID
Sr. Associate

Fundamental Analysis  

This ETF tracks the KBW regional banking index.Regional banks will fail as the recession worsens.As of now,only the residential loans are defaulting.As the consumer cuts spending,businesses will be affected and the banks will face many defaults going forwards.

An excellent article which gave me this idea

http://biz.yahoo.com/ap/080423/regional_banks_credit_woes.htm...


KRE:  This call was made on 04/23/08 @ $32.97
Rating:   Negative   $32.97 (04/23/08)
Closed:   04/24/2008 @ $33.76 (-2.40% in 18 hours)


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Toby Lopez    9 %     1 point   commented 1411 days ago reply

I was too early.

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Toby Lopez previously rated KRE
Negative +4.32% Nothing changed-banks will still fail
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