Ah, those financial stocks. Honestly, you'd think I was looking at railroad stocks -- or maybe even buggy-whip manufacturers! I mean, shoot, what happened?
Well, I'll tell you: The "banks" these days are the venture capital firms like
! That is, unless you want to open up a "Christmas Club" account.
So maybe these old war horses will make a comeback. Hey, they're certainly selling for a bargain. Then again, so is
Gary B. Smith is a freelance writer who trades for his own account from his Maryland home using technical analysis. At time of publication, he held no positions in any securities mentioned in this column, although holdings can change at any time. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Smith writes five technical analysis columns for TheStreet.com each week, including Technician's Take, Charted Territory and TSC Technical Forum. While he cannot provide investment advice or recommendations, he welcomes your feedback at