camski
Contributor
We all know that the banking sector has just been hammered and all the bailout talk out there. I am just curious what some of you experienced folks think about banking stocks right now. specifically bank of America and Citigroup. Please tell me where my thought process is wrong here. The government has already declared they are not going to let them fail and their stock prices have tanked, to where they are at historic lows. The economy is obviously in a major valley here but isnt this the time to buy, especially if you are willing to wait a year or two before exiting. Just curious what you guys think of this kind of play on citigroup and bank of america. all time lows with no risk of them going out of business. I realize there is still risk they could go lower, but there is always risk. I am just thinking that getting in now and holding on for a couple of years could pay off.
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