I agree. So do several sovereign wealth funds, who speak a lot louder. Like in $billions!
The day CNBC broke the BAC/Countrywide story, Jim Cramer devoted the first segment of his show to financials, concluding with the statement "The bottom is in." Whether you like him or not, Cramer knows the market.
Next week, we'll see the beginning of earnings season. If stocks like Citigroup actually go up after they announce another $20B plus in write-offs and cut their dividend, maybe that will be a sign that Cramer is correct.