Thursday, November 24, 2011

Buy U.S. Bank Stocks After Thanksgiving

The DOW Jones and S&P 500 have both posted horrific losses this past week. The market seems to have fallen into an irrecoverable death spiral that is safe for no investor. The death spiral, however, is headed for a bottom! The fall of Europe has already been factored into stock prices, and the fears of investors over Europe are far exaggerated. Bank stocks are headed below their 52 week low and it is almost time to begin buying financials hand over foot. The most undervalued stock of the U.S. financials is Bank of America. It recently reported earnings that are higher than they have been since 2008 and yet it continues to fall. With an upside of 70% on its 52 week high, it is a perfect value buy.

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