You've got to invest in certain balance sheets that are beaten up. You've got to be careful to stay away from the rich stocks like the Wells Fargos, USBs (USB), BB&Ts (BBT) and focus on those companies that are trading at book or below book, like a Fifth Third (FITB), like a KeyCorp (KEY), which is trading a little bit above book. That's where you want to focus on now, on companies that don't make money. It seems kind of odd to be recommending stocks that don't make money, but they are trading at book or right around book whereas some of these other banks, like Wells Fargo (WFC), are trading close to three times book. We think there is very little upside in owning Wells Fargo at these levels.
Comment: I sold all our Wells Fargo. Still have 1000 shares of FITB that I bought for a buck back in February. (In all of my years of investing, Fifth Third, is the only stock that I have bought that has done so well in such a short amount of time. I wish I would have bought 20,000 shares!)