$Direxion Daily Regional Banks Bull 3X Shares ETF (DPST.US)$...

10baggerbamm : you had Huntington Bank couple days ago came out and said that they're not making as much on deposits because people are moving from non-interest bearing checking accounts to money market accounts and just that combined with chairman Mao with his we need more data or data dependent all that happy horse shit pulled the rug on banks recently but the initial kink in the armor was about 3 weeks ago or so which is the peak of the major Banks when Jamie Diamond was speaking and he said he wouldn't buy a stock well that's pretty direct if you have an individual who is viewed by many as the best banker in modern days if he says his stock is overvalued and he wouldn't buy it institutions began dumping it and they haven't stopped and it cascaded with Goldman Morgan Bank of America that type of thing. all of the risks are known we know about the trillion dollars that needs to be refinanced the sooner interest rates come down the quicker these Banks rally number one number two the sooner interest rates come down the greater the revenues on banks for mortgage origination which right now have come to a grinding halt because about 70 to 80% of their origination comes from refinancing and that business has come to a grind because rates are high. so all of the known problems with banks exist they pass the stress test last July the major Banks the regional Banks all have been reviewed they have higher reserve ratio requirements they're fine this is just a cyclical nature of people shorting the shit out of them and money moving and chasing momentum stocks

10baggerbamm : basically right here56 57 58 there's money to be made you might have a dollar $2 downside on a blip but you've got to $70 upside near term and if we get any type of rate cut these will be back to 80 this basket

10baggerbamm : if you look at the chart and draw a line from where we are you got 53 and a half for the bottom leg of a Bollinger band we may hit it we might not I don't know but look back over the period of what is it 5 months you see here like 90 plus percent is upside compared to where we are right now and banks are in better shape today than where they were at the beginning of this chart because we're closer to a rate cut today than where we were back then.