So how about over here? Don't the banks in Europe have all the exposure?
The banks in Japan bounced, ostensibly because of the bounce in Europe, but Japan banks are only 13.5X earnings, and since Europe bounced, and since Japan bounced, then the best and two easiest plays in big cap bank stocks over here are Wells Fargo and Bank of America, which I advertised on it's double implant booty bottom.
Wells has great spreads, and now the traders will gravitate to these names. And then, Wall Street will say that the rally in the banks, confirm the rally in the stock market.
After the fact that is!!!
When they should check out the bottoms in these names now!