Tuesday, February 17, 2009

JPMorgan, Wells Fargo and USBank look good here

Take a look at the banks today on a massive sell off. Most were in double digits as fear increased on insolvency. There is a chance this will happen and none of the banks are safe at this point. It is still a waiting game, as deleveraging is allowed with respect to their balance sheets. I would stay away from this sector for a while as they seem to have limited long term upside.

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