Please enjoy this video of Dick Bove commenting on banks and their insanely low valuations.  Pay particular attention to his comments regarding them trading below their net cash levels, and also you should understand that all of the credit trends are showing improvement.  Earnings will pick up when the economy picks up some real steam but this opportunity is just too attractive to pass up.  Thank you and enjoy:  http://www.bloomberg.com/video/86579550/
INVESTING IN THE FINANCIAL MARKETS INVOLVES RISKS. OPTIONS ARE NOT SUITABLE FOR ALL INVESTORS.