Ultra Financials ETF

same thing i heard about buying Citi at $20/sh.

I am 27 and realize that I can take significantly more risk than other people at higher ages.

In reference to the banking system, there may be significant dilution of common stock by the government at C, BAC, and the many others. However, while the banking system may experience some changes, if it completely crumbles we will have larger issues than stock values and FDIC.

For that matter, if the U.S. gets wiped out into financial oblivion, then the only assets that will matter are hard tangible assets and you sure as hell better have means by which to protect them.

I will take my risks and be starting a position a few thousand shares at a time.

Most of the money, especially in percentage terms is to be made at the bottom. The same can be said about lost, so I am aware of that.

The crazy part is I am the type who won't put $5 on the blackjack table, but never hesitate to drop money in the stock market.

Guys the market is too risky at the moment to invest.There is 3-4% swing each day catch the trend and ride it for a day.Most of the traders trying to hit that home run trade end up losing a lot of money.Watch the VIX for reversals.