Bulls vs Bears: Financial Stocks
There is quite a split opinion in Wall Street on the direction of financial stocks. The S&P Financial Sector exchange traded fund (XLF) is at the lows reached in March when the Bear Sterns fire sale was taking place. Thomas Brown of bankstocks.com had an interesting piece last week on which he stated that the subprime mortgage losses is simple: most estimates, particularly of losses on loans originated in 2006 and 2007, are significantly too high . The reason why they’re too high is simple
Original post by Personal Finance, Money and Investing