Quote Originally Posted by sonatine View Post
i really no longer do stocks any more personally but i do see a lot of people talking their book in my feeds and lately im seeing a lot of rebalancing away from casinos and towards banks.

thoughts?
Something is going to blow soon with rates this high imo. I can't touch banks until the shit hits the fan. I bought some LNC today and even that stock scares me a little. Remember back in the GFC Bear Stearns collapsed in March. Then everything was fine and the market did well during the Summer until Lehman blew up in September and the market dropped like 50% next 6 months. I'm not saying same thing will happen but the 3 bank failures happened around the same time this year. I'm expecting something to happen this Fall. Probably completely wrong but you don't go from 0-5% and not expect something major to blow up.