
Buying OCBC. DBS and UOB next? Too big to fail!
Just a few days ago, I talked to myself about DBS, OCBC and UOB. Specifically, I talked to myself about their charts. Although fundamental analysis tells us that DBS, OCBC and UOB make for relatively safe investments, Mr. Market is mental and does not care about fundamentals at times. This is why I said I would wait for Mr. Market to go into a depression before I increase my investments in DBS, OCBC and UOB. Over the weekend, I produced four YouTube videos on the ongoing US banking crisis. This morning, in addition to a video on SATS’ rights issue, I produced another video on the US banking crisis.
Although the US regulators have taken steps in an attempt to calm the public, we are still seeing a sell off in banking stocks. Obviously,…