WynnQuon wrote:.. there are the invisible anomalous risks: toxic assets, CDS exposures.
I would hope that all the banks would have confessed to toxic assets by now if they had them. Any bank that disclosed them at this late stage would suffer a sudden, huge, and deserved, punishment from investors.
I sold RY about 8 weeks ago as part of capital gains harvesting and bought it back again last week at 42 and change. It's gone up about $6 since then. I still have BNS which I have owned for much longer and did not sell. This too has gone up in the last week.
OTOH I still haven't bought back the oil stocks. I'm not at all sure about the ability of CNQ, PCA etc to rise with less than $70 oil.
As Margaret Thatcher said when knocked from her perch as leader of the UK with fifty knives sticking in her back, "It's a funny old world"