It’s time to invest in the banks
@George Anderson：
Bank stocks have plummeted in the midst of the banking crisis. The SVB stock halted due to the SVB collapse, First Republic is down roughly 90% in its wake, and dozens of other bank stocks have slid down with them. Regional bank stocks seem to all have plummeted 20 some percent or more in the last two weeks, with several notching more than 50 percent drops. This is due to investor fear that banks are exposed to interest rate risk on their fixed income assets and fleeing depositors. A 25% drop in a bank stock largely reflects investor weariness that the bank could be the next one in trouble. I see this as a buying opportunity. Pretty much every bank stock has seriously suffered. There are a few that are relatively protected — nobody expects JPMorgan to fail, for example — but generally