But I just cannot comprehend how you can make this statement:
"If the banks were taking undue risks, those who trade in bank stocks would know and sell them like hot pancakes."
Wow. Just wow.
I spent a career a few feet away from the trading floor. I know how they think.
Watch Fast Money and Closing Bell on CNBC in the afternoons. They are on top of the markets.
As I said, I would never invest in a bank stock...they can die in one day.
But the traders are the ones who read the tea leaves. They are sometimes wrong, but they make a living trading these stocks. They have information that you and I can only dream of.