Msrpaul

Financial Stocks to Buy When the Market Reverses

What many don't realize is that this is a credit contraction, and when the write offs are over, we will be in deep recession. That will not be a good environment for banks/brokers, whose balance sheets are in dire straights. I can think of only 2 banks worth a look, Hudson City, and USB. When the dividends are cut on the banks, it will be near time. For the brokers, how are they going to replace all that fee income from M&A and mortgage hustling?