Canadian Bank Stocks Set to Fall Even More: Time to Sell The Rally?

Posted: April 25, 2008 in Your Money
Tags: , , ,

” Don’t kid yourself, more pain is coming. … Aiken is maintaining a “sell” recommendation on Royal Bank, Bank of Montreal and CIBC. “
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Comments
  1. canuck99 says:

    Canadian Banks have traditionally held up well with consistent dividends, but to paraphrase Wall-Street Wiz George Soros: this is the worst crisis he’s seen in his lifetime (and the guy is 80–so that means WORSE than the Depression, where stocks dropped 80%. This could be a great time to flip some Canadian Financial equities into precious metal ETFs or, better yet, bullion.

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