What is the point in owning any bank stocks? Do we have to try to pick an absolute bottom to make money in the long term. Most banks are a black holes of financial nonsense. Nobody really knows what they are worth. I do know that lots of pay option ARMs are going to be adjusting in 2009, 2010 and 2011. So there is no rush to own this toxic waste.
Are Bank Stocks Buyable? [View article]