I tried to get off to a late start this morning. I stayed up watching all that lovely baseball late night and enjoyed every minute of it. I cannot prove the Yankees threw the game to knock Boston out of the playoffs, but I confess that I hope they did and that the story comes out someday in a tell-all book. My Orioles did their part by sending the Red Sox home early. It was simply a great night to be a baseball fan. Now we can all root for a Yankees vs. Phillies World Series, so we can watch the sparks fly between Jim Cramer and Doug Kass. Of course, with a school-aged child and a puppy in the house, my late start was just a pipe dream -- so I am doubly grateful that it's National Coffee Day.
While I was watching the games, I spent some additional time looking through recent insider buying filings. This time I was specifically looking for banks with interesting buying patterns or large executive purchases of stock. Although I am always looking for cheap stocks of any stripe it is no secret that my focus right now is on the banks. Although it is taking an extraordinarily amount of time for banks to find a bottom the community and regional banks offer a once in a lifetime type opportunity for investors with patience, discipline and a very long time frame. Continued real estate woes and new and exciting forms of stupidity in Fed policy have continued to pressure these stock prices but they are priced for the end of the world. I doubt the world ends and these banks recover and consolidate and much higher prices....314 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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