Time To Buy Financials? No.

Nice article at seekingalpha.com from Roger Nusbaum regarding whether or not it is time to buy financials. Roger says no, and makes the case why not. I agree. Wait for confirmation of a reversal, both technically and fundamentally. Of particular worry now are the regional banks, many which have some of the same issues as the bigger banks, and may be the next group to take a hit (and currently are for some). Many regionals are moving into municipal bonds (see post here). Hopefully, they will not fall into the same capitalization problems.