Cincinnatuus

5th-3rd Cycle Wave Analysis

NASDAQ:FITB   FIFTH THIRD BANCORP
Almost bought this stock in 2009 for 1.05, but I was unemployed at the time and chickened out. Regional banks like this are where you want to keep your money, because the big Investment banks will get wiped out when their derivatives implode. Most people don’t realize that since Dodd-Frank, the banks can turn your deposits into capital in the event of insolvency, and FDIC isn’t anywhere near sufficiently funded for a real banking crisis…

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