bank stocks

Want an Idea of How Far Bank Stocks Have Fallen?

I don’t buy many individual stocks. For one thing, I don’t have the time to do all the research necessary and for another, I tend to get hopelessly attached to the ones I buy, even after common sense tells me I should sell. Still, ever once in a while—say every 18 months or so—I will plunk down a little bit of money on what I think is a good idea. (It really isn’t investing; it’s more like entertainment. I don’t play Sudoku or Solitaire.) Seeing how far the bank stocks had fallen, I figured I’d buy a couple hundreds shares of Washington Mutual. (My over-arching rationale was twofold: I figured at some point banks will have to have hit bottom, and my dad had been a huge Washington Mutual fan before he died.) More…