But there are quite a few jewels out there that's performing. They have paid off their govt bailout debts, decent earnings, and will likely out perform in the long term (3-5 years). Banks like JP Morgan.
While no doubt the banking sector will take a hit Monday morning, this is when smart investors actually bring capital into the market and buy low...then sell high. Funny concept, right?
I'm buying JP Morgan on Monday's session and it's running around $38. Cheap. Check the fundamentals.