Originally Posted by
ananda77
.
...and after the Financial Accounting Standards Board relaxed the M2M rule, bank assets included, bank balance sheets have now become a lot easier to 'turk' and a lot harder for investors to know what is going on; would not buy 'US bank anything'; still think, US banks are beyond saving and will go down (bank holiday comes to mind -again-);
...yes, for the short term, strengthened bank balance sheets will look good and will be driving this rally further in the meduim term (weeks, couple of months)
Kind Regards