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The Rally in Financial Stocks Accelerates

What we are witnessing is simply a resurrection of "good regional banks" that were oversold and thrown-out earlier with the proverbial bath water.

Seeking Alpha attracts many "chicken littles" that want us to believe that the sky is constantly ready to fall. 'Taint so. That's why God in His wisdom created day and night.

Barron's Goes Bullish on Banks, Again

There are many small regional and community banks that are trading at a fraction of book. Some have taken small losses and others have had their earnings trimmed.
However, as the economy begins to stabilize in 2009 and the growth in NPA's fades, earnings will again accrue. These "main street banks" understand the local commercial customer better than their "wall street" counterparts.
Stock valuations in this sector may well increase 50% to 100% within the next 2 years. Discover the babies that have been tossed out with the proverbial bath water.