So, when’s the right time to buy some US Bank Stocks?
Probably not next week, but how about in a few weeks??
These guys have reserved for the “kitchen sink” based on all of their “potential” loan losses materializing, all based on what they have to do based on GAAP/FASB/SEC principles, but not real losses, not real cash.
Who knows how many sub-prime home owners will default, but certainly it will not be to the extent that the market has shed their stock value.
Seems to me to be a huge investment potential, just need to pick the timing!
??Thoughts anyone??