Bank stocks have now fallen farther than the Nasdaq fell during the tech crash of 2000-2002.

The Dow fell 89% during the great depression, the Nikkei fell 83% during the Nikkei crash, tech stocks fell 83% during the tech bubble crash and banks are now down 84% during the credit crisis.  I think you have to start wondering if these banks aren’t a good buy for a small part of ones portfolio – assuming you have a relatively long timeframe….