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Strategies & Market Trends : Classic TA Workplace

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To: Henry J Costanzo who wrote (164093)3/8/2008 1:25:36 PM
From: robert b furman  Read Replies (1) of 209892
 
Hi Henry,

The poor bankers have had huge noncash accounting write offs.

They've attracted tens of billions of sovereign capital and as your charts show,they have very nice rate spreads and margins.

The worst part is price has collapsed and that is not the stuff of excitement or congering up greed.

It does look like the worst is out there as annual reports have had CEO signatures and accounting opinions this quarter, in last years annual statements.

I think it will take a long time for this sector to look good.

I think they end up being the next semi sector ,an unfavored sector.

JMHO

Bob
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