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Saturday, June 12, 2010

The biggest loser: Banks

Source: CNNMoney

How to lose money: Buy banks

Bank stocks have been among the biggest losers during the market's slump of the past month or so. Despite that, many professional investors still don't think banks have hit bottom just yet.

Concerns about the impact of looming Wall Street reform, fraud charges against Goldman Sachs (GS, Fortune 500), and the sovereign debt crisis in Europe are all big headaches that have yet to go away.

That's why some investors think bank stocks are still too expensive.
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