It's all about the timing. Financials were doing great not too long ago and they will likely bounce back eventually.
It might have been overvalued prior to 2011 but it isn't anymore. I'd also say WFC is undervalued at this point.
No chance at this rate. MS is in a downward spiral.
Terrible atmosphere? Why make excuses for criminal activity unless you're a #$%$ yourself. If these "wall street firms" get crushed due to their crimes, nothing of value will be lost.
Welcome to the club.
When GS pulls in billions every quarter, $150 is nothing.