i can't make up my mind on the banks. now i'm starting to think it's a good time to buy a basket to hold for 2 or 3 years. while the negatives of the credit cycle, the dilutive effect of the industry's seemingly endless refinancings and other factors cannot be dismissed, quite frankly, i can make the case that we are now at an unprecedented point of time to get long financials.
i'm seriously thinking of accumulating a basket consisting of bac, c, wfc and jpm.
long jpm calls