mfc mar 2012gwo mar 2012

Manulife has been are favourite Canary-in-the-coalmine and that is not about to change. Over time the best count still calls for a new low in the future, probable once the wedge is complete late this year or early next. Great West in contrast might just make a new rebound high to somewhere between $30-$35 before it too dives down again. We will know soon enough what pattern will prevail for the majority of financial stocks. RY, Royal Bank, could very much to my surprise fit into the GWO category!

ry mar 2012

Even then the upside is relatively limited to $67 or so. I guess I keep underestimating these banks ability to collectively apply their oligopoly powers. We will know when a NSF check fee goes to $100.