A good time to buy banks stocks?

sunday night JP Morgan Chase and the Fed bailed Bear Stearns out. i think they are trying to close the deal out within 90 days.

so when they buy them for 2 a share its a good time to buy?

platnum525
did you buy Bear Stearns today
how much did you pay

bought them with sharebuilder came out to 8.13 with all the fees and bull**** $1640.00 for 200 shares. im new to this

platnum525
you have just bought Bear Sterns at the high of the day.
If JP Morgan Chase do buy Bear Sterns and noone else offers a higher price, you will get $2 for your shares which will mean you lose $6 .13 per share, about $1226 dollars plus dealing fees.
This will not be a good start to your trading.

Its a risk I grant you.... I have a few thousand personal shares in HSBC... these are a long term Tax protected investment... and I will not be selling them "until retirement"... (or until my kids discover them if i dont make it that far ;-] )

I am not a true "value" investor , and I do not "trade" shares... Its my "Guess" in 20 / 30 years they will still be around in some shape or form... and worth more than I bought them for, dividends etc on the top...

Banking is like - death, Tax, and Nurses.... and if banks the size of HSBC / Citi etc,, cease to exist then you wont be worried about share price's as you hide in your basement

or should i hold onto them

so what are some sure bets as far as investment if i have 50k to work with