Chamois16

Home Prices May Be Nearing Bottom, Bank Equities to Follow?

You guys are probably right that housing has more downside; how much more likely depends on location. But the more important point in the article is that good banks are over-reserving for losses and have possibly fallen too far.. The continued decline from here being in large part sentiment-driven and somewhat unrelated to operating cash flow expectations for 2009 and forward.

If everyone agreed this is a good time to get serious about banks, it would be too late to exploit what is arguably an oversold situation among retail and commercial banks with well-managed risk. JMO