vboring

Have Bank Stocks Hit Bottom?

down is the only way financials will go for a while. high LTV homeowners are abandoning their investments in increasing numbers because the stigma of foreclosure is gone.

it is being replaced with a stigma against sticking with a depreciating asset and a desire to screw the banks.

and we haven't even seen most of the ARMs reset yet. the problems have barely started and people want to call the bottom.

you'll know the bottom. it'll be right after a household name bank goes into bankruptcy and another one gets nationalized.