folks forget as stocks rise, they go up exponentially so the % rise remains the same or larger. RY reaches new highs almost daily so no problems at all in Canadian banks. US banks slightly tempered that's why DOW is still under 10000 vs TSX.
This recession was the biggest ponzy scheme of all causing everyone to dump shares for no reason other than allow Wall Street to scoop up shares at levels of 2003-2004 and earn 10 yrs of returns in 3 months!! And it's not too late to board this ponzy scheme as spin doctors try to convice everyone we are still in a recession.
I've heard the "this recession is all a ponzi scheme" line before, but I'm sad to say you are wrong. People ARE out of work, millions of homes ARE being foreclosed on, California IS near bankcrupcy,and it is world wide. Please stop being in denial, because your life won't be as enjoyable as it could otherwise be.