Keep your eyes on bank stocks
Friday, March 21st, 2008With the current status of the US economy and the supposed credit crisis, you better watch yourself when investing in any bank stocks. The meltdown of Bear Sterns and all the bad news that all the US banks have been publicizing will only get worse in the short term.
Most of the big banks and lendors in the US made a lot of bad loans to a lot of people who could not afford them. It will just take a while for the market to work out the bad debt. So be careful 
Also, if the government gets too involved trying to “save the banks” then it will only make the crisis last even longer.
Rawlin James