The banks were a great buy at those levels,whether they get that low again is another thing.
They could easily fall again if the market collapses(could happen)but I think they will benefit from a rotation out of commodity stocks going forward.
If I am wrong,I would much rather be 'stuck' in banks that pay high dividends than some of the other dross about the place.
I am 'betting' on a short term bottom in the markets.
If I am wrong I like stocks that I dont mind having to hold for a while.
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