I’ve written this post or a post similar to it probably 5 times in the last few weeks. Again, you CANNOT short the banks in front of government intervention. There is only one trade here – play with them on the long side or get out of their way. Despite this, we continue to see vicious short squeezes in the bank names that drive the market higher….
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.