Open Question
Is it time to buy the Banks? If so which Banks?
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US Bancorp - USB and Wells Fargo - WFC
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Read the following article, then make your decision to buy the banks...
http://seekingalpha.com/article/88725-is-the-u-s-banking-system-safe?source=d_em
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you have time, no need to rush; when earnings season is over, stocks will trade
on macro news. Will that news be "good"? Ha. Let's see
Answered by Peter near Matanzas Inlet
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take a look at BCS.
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WFC, my personal fav of the big ones. USB, HCBK, and others are worth a look.
My spec play would be to find a smaller, quality regional that got thrown out
with the trash. I would avoid the ones in the high foreclosure states.
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i was surprised by their strength on friday...also...it is tough to short them
now...so that is all to the bulls advantage in banks...the toxic garbage on
their balance sheet is starting to find a price...
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