until last fall when I sold all of my bank stock, all long-term capital gains. But now I am about to buy banks again. The situation now seems to me in some ways very similar to 1997 when interest rates were on the rise but bank stocks rose nonetheless as takeovers were also on the rise. BB&T's P/E ratio back then was in the mid-20s. I think since then they got rid of all those 20-something employees who said they liked Physicial Education in high school. Just kidding about that last sentence--my nod to Wayward's bizarre and funny explanation of what "P/E ratio actually means." Seriously, some banks are a good buy now, including FTU, as Stockboy said, and especially BB&T. Even if it does not get bought, it nonetheless is a prime target for that--with a high premium to go--and that alone should add at least 20% to its share price in the next few months. I've been wrong before, but I am putting plenty of my money on this.