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Thursday, 18 September 2008

Sheep or goat?

Panicked investors abandon private sector financials for public sector treasuries:

Treasuries have returns that are a tiny fraction of the earnings per share of the banks and returns on equity at the banks.

My gut-feel is that we really have touched bottom and this is the time to buy bank shares again!

For the story of HBOS and Lloyds TSB read:

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