I don't think ANY stocks are going to be SOARING back to old highs this year!
IF the economy is beginning to stabilize and IF unemployment begins to decline and IF the real estate markets (residential and commercial) begin to climb back THEN the banks will be able to lower their additions to reserves and profits will bounce back.
BBT is as well positioned as any bank to see profits bounce back nicely when the economy begins to recover.
BUT there are a LOT of BUMPS in the road ahead! First and foremost, we have to get the Federal government's spending and deficits under tight control! And several large states need to find a way to fix their bloated government employees pension plans!
There's SO MUCH to do .... and really not much time left in which to get it done!!!
So meanwhile, I'd be very happy if BBT could establish a new basing point just over the $30 mark.
we do have a libertarian heritage, unfortunately much of the more recent immigration to usa is more of the handout type (free house, medical, education etc) than the "I want to create opportunity in land of freedom" type.
so, in a way the lefties have already won, they encourage the handout country and redistribution of taxpayers earnings, they now will control healthcare distribution (meaning only senator lautenberg and company gets to have a chance at the best med in the world) also unions, teachers, etc.
but maybe some of the lefties can be dumped in november IF some remain that remember what the fight hundreds of years ago for FREEDOM FROM government was all about.