A small “I-told-you-so” on bank stocks
Updated: 2010-07-18 17:46:56
On July 13, when I posted my last note urging investors to avoid bank stocks, the BKX bank stock index closed just over 51; on Friday it fell to just over 46, a decline of almost 8%. Bank of America’s results showed just what the aggregate data should have made clear in advance: the collapsing [...]