Theory is that the Regionals will take big hits that they havn't taken yet on losses by the builders.....
my thought would be... that many onf the Regional banks did not take a hit with derivatives.... and yet the stock has taken a beating.... So... it's kind of cooked in.... case by case it would be interesting to know the exposure of those banks to those losses.
I keep tracking the banks... both regional and money center...umn they have yet to start making new lows.. but are very close to it.
Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
J. P. Morgan
Tuesday, March 4, 2008
Interesting
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