Bank Stocks Are Oversold
Regional bank stocks are especially cheap
It is a hard problem—telling stocks that are overbought from those that are oversold. Of course, it must be so; markets are indeed efficient to zeroth order. It is not possible to time markets; and, therefore, it is not possible to solve the problem of valuation in an absolute sense. What the sharpest quants can do is pin down relative valuations. This …
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