Are you kidding me? This is good news for at least short-term.
When ASIAN CRISIS was starting in 1997, most panicy people said every asian would bank go under, but until credit crunch hit, they were almost up more than 300% and 500%.
I don't trade banks now, I'm in for go long for at laest 1 year.
It will turn someday. Now It's time to buy for short-term.
If anyone invests their money in bank stocks. it's very close to buy in for the rest of the year.
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fannie mae and freddie mac in strife, page-12
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