Is It Time To Buy US Banks?

Woe is the investor who has tried to pick a bottom in U.S. financial stocks at any time in the past few years. Unless their timing has been dead-on, they have surely gotten burned by one or more instances when the industry's stocks have cratered on some new fear. The current bogeyman? Italy, of course. Raising the ironic point that it is none other than Silvio Berlusconi -- he of Bunga Bunga and Ruby Heartbreak -- that has ruined the party. Wasn't that all the man was good for? Parties?