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….
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.