karchad

How To Buy a Bank (and Other Beaten-Down Stocks)

This gentleman touches on one of the great investment strategies of our time: the more hate mail you get on a stance, the surer you are that your investment will make great money! There should be a "hate mail" index of some sorts, which i'm sure would blow away put/call ratios for a great contrarian indicator. I myself got tons of AOL hate mail in August 2002 for suggesting a bottom, and I knew that it was time to go in (I was a bit early, but I'll take that timing anytime). Once again, I see vicious angry mail on any attempt to suggest financials or homebuilders. Yes, sir, your article is right on. It's time to go in. I could quibble with some of your individual picks (WaMu is a bit scary for me), but your knowledge of the financials far exceeds mine. That's besides the point. This is a fantastic article, made even better by the fact that people will be too scared to listen to it.