Shhhh....Don't Tell Anybody About The Banks

We alerted you on January 28th that we thought that banks, financial companies and financial ETFs might be places to consider investing money. Quietly many of these have staged nice little rallies over the last couple of months. Many of these are currently short term overbought but I still believe that financials are compelling investment considerations on any price consolidation or price retracement. Remember that many of these pay nice dividends as well.

I will be traveling on business thursday through the weekend so there will be nothing posted here until sometime next week.

*Accounts of Lumen Capital Management may own individual securities or ETFs in the above mentioned sectors at this time. Please note that security positions can and do change from time to time. Purchases & sales of individual securities or ETFs as well as client portfolio holdings varies among the clients of our firm due to their individual goals and risk parameters. Nothing in this current post or in past or subsequent postings should be construed as advice or a recommendation to buy or sell any particular security. Please consult your investment advisor as to the suitability of above stated securities for your own investment portfolio.