Big Al45

Our Advice? Buy the Financials Now

Agree that the price of bank stocks typically bottom 3 to 6 months before the peak in writeoffs and bank failures.

However, the peak in writeoffs and failures probably will not occur before April 2009. If history is any judge, the market will retest and perhaps breach the July 11 lows before the end of October. In any case, I would wait until the 3rd Quarter earnings release before investing in financials.