Bank stocks have just crashed through key support zones … broken down to new lows for the year … and started on a beeline for their worst levels of 2010.
That’s what my KBW Bank Index chart is showing you — in aces and spades. It’s telling you that the 24 major banks it tracks — including Bank of America, Citigroup, Wells Fargo, and JPMorgan Chase — are getting slammed.
But this is more than just about banks. It’s also a stark warning for other financial stocks, housing stocks, and ultimately, most of the U.S. stock market.
Why do bank stocks matter? Because banks are the heart and soul of our economy. They make the loans that consumers use to buy houses, cars, and computers. They provide the liquidity to businesses who want to finance inventories, build factories, and construct office towers.
Problem: They’re loaded up with millions of foreclosed homes, lousy real estate loans, and other bad assets.
Yes, the Fed managed to paper over the banks’ problems for a while. But now, the jig is up. House prices have just set new lows, and the bust is back with a vengeance.
Many investors are going to lose fortunes … just like they did the LAST few times bank stocks crashed. But YOU don’t have to take this lying down! You can go on the offense.
Heads Up:
Major New Investment Recommendations
Coming THIS COMING MONDAY, June 6!
When blockbuster news like this explodes into the headlines, you really have only two choices: You can either run for cover or come out fighting and by doing so, grab huge profit potential.
The last time this happened, savvy investors who went on the offensive could have made fortunes with investments that are designed precisely for this situation. For example,
- Between October 11, 2007 and November 21, 2008, an investment that surges when real estate stocks plunge jumped 166% in value …
- Between October 11, 2007 and March 6, 2009, an investment that soars when banking stocks sink jumped 241.9% …
Needless to say, not all investments can go up that far in such a short period of time. Nor can we go back in time to grab them now. But just look at how a couple of my latest recommendations are doing right now:
Yesterday, even as the Dow cratered, an inverse investment I had recommended shot up almost 4% in value.
Another ETF I recommended first thing in the morning closed the day up more than 6%.
IN A SINGLE DAY!
Can they always do this well? Of course not! Just bear in mind that this is what’s possible without shorting, futures, options or any complex strategies — all strictly with ETFs that you can simply buy low and sell high like any ordinary stock!
Now, with bank stocks plunging and the housing bust striking anew …
I’m getting ready to go for similar kinds of opportunities, using the same exact investment vehicles that surged the last time around.
This coming Monday, June 6, I am going to issue a set of new trading recommendations to seize the moment. If you’d like to get them, you need to jump on board with me before then.
Your deadline: Sunday, June 5!
Plus, by joining me now, you can still take advantage of our $400 Charter discount.
But you will have to hurry: This new phase of the crisis isn’t waiting for you, me or anybody else. We must move quickly.
Once I issue these new recommendations, you will have missed your opportunity to save $400 total per year on your membership — and more importantly, you will have missed one of the greatest profit opportunities I’ve seen in a long time!
Click here for my video where I give you my strategy and show you how to join.
Best wishes,
Mike
Mike Larson graduated from Boston University with a B.S. degree in Journalism and a B.A. degree in English in 1998, and went to work for Bankrate.com. There, he learned the mortgage and interest rates markets inside and out. Mike then joined Weiss Research in 2001. He is the editor of Safe Money Report. He is often quoted by the Washington Post, Reuters, Dow Jones Newswires, Orlando Sentinel, Palm Beach Post and Sun-Sentinel, and he has appeared on CNN, Bloomberg Television and CNBC.
