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How can anyone suggest that banks and financials pose a good buying opportunity now?
Observation, drafted Aug. 13, 2007

It is true that bank stocks have gone down significantly ever since the sub-prime mortgage issue erupted and the
LBO and CDO credit crunch has occurred. Why this downturn in the financials, however, should lead anybody to
suggest that banks are now a lucrative buying opportunity is a mystery to us.  After all it is true that too many
members of this community have proven time and time again, that they cannot differentiate between value and
fashion. And so it is quite mistaken to place one’s trust in them now.
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