How low can the banks go?
So remember the BP spill and how it dragged down the entire sector (well, the whole market). People were saying things were really cheap, but they kept on falling. I think it was when they hit about 0.8 p/b is when they bottomed out for the most part.
Which banks are best? I don't know too much about the sector. I think JPM is the best, but i don't know too much about them.
They'll probably keep falling, but I will pick them up at a low enough price. Anybody watching any particular banks?