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  #1  
Old 10-29-2009, 09:14 PM
FinancialGuy FinancialGuy is offline
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Join Date: Sep 2009
Posts: 5
Default What's driving the banks these days?

Does anyone here know?

Up until a month or so ago they were pretty much lock step with the DJIA.

They de-coupled with the DJIA a couple of weeks ago and I'd like to know where they are taking their lead from now?

Also the banks were moving on the whole, by group.
If the banks were up/down, all the banks were up/down.

Now there is also a de-coupling going on within the banking sector.
So does anyone here have ideas where they are individually getting their leads from?

For example, today was a huge day for both the DJIA, the TSE and the banks, yet the BNS hardly budged (was down until after hours trading).

Of course, as usual, there is absolutely nothing in the news about them.

TIA

Last edited by FinancialGuy; 10-30-2009 at 07:36 PM. Reason: typos
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Old 11-03-2009, 04:14 PM
trent trent is offline
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I think what's driving banks lately is pure speculation. The financial crisis is not over by a long shot, and banks are in for a big pain. Canadian banks will be crushed once the Canadian housing bubble pops. I might short them, but I'll wait for the housing market to inflate a little more (5-10%)
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Old 11-06-2009, 06:46 PM
Jason Jason is offline
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I think the main reason the Canadian banks are doing well is because they haven't felt the pain of deflating housing bubble, like their US counterparts. I'm not sure this will continue much longer though...
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