Kinabalu

10 Financial Entities On the Brink

In the early '90s bank stocks hit their lows in mid 1990. It was about 2 years later that the charge-offs and reserves hit their highs. The shorts, like Shedlock, keep talking about all the bad things that are going to happen. They're right. But everybody knows it so it's already reflected in the stock prices. I think that the short financials strategy has seen most of its easy profit by now. It's going to get a lot harder to pick the losers from here on out.