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3 Reasons To Be Bullish on the Investment Banks

Given the bad news yet to come -- and when you see the data on deteriorating YoY and QoQ results, mortgage delinquencies, unsold LBO debt, etc, one suspects there's a lot of it out there -- right now the financials look more like a value trap to me. There are sectors that do not appear to be trading on fundamentals, like the homebuilders, and financials may soon fit that bill too, although the Fed's ill-advised actions will give some support short-term. I'll pass.