Bank stocks have now fallen farther than the Nasdaq fell during the tech crash of 2000-2002.
The Dow fell 89% during the great depression, the Nikkei fell 83% during the Nikkei crash, tech stocks fell 83% during the tech bubble crash and banks are now down 84% during the credit crisis. I think you have to start wondering if these banks aren’t a good buy for a part of ones portfolio….
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