Now that the stress tests are out, the uncertainty is gone. We now know which banks need to raise how much capital. Citigroup (C) only needs half what was anticipated, Suntrust (STI) needs a little more.

State St (STT) however, needs NO capital, and states they're ready to pay back the government re TARP. So is this the one to own? IF there's a calamity they need no capital, if not, they should soar now.. without a calamity, they have like 20b extra..

STT is up 8% after hrs but 20% down from recent high of 49.. 52 wk hi = 76. The PE is now 8.. Only a tiny dividend currently, this will likely be raised in the future if you're into mini-income.

Buffett bullshit: he liked STI and WFC before this, and they both need mucho more capital -- hope nobody bought when he was "talking his book" - face it, his methods are from 1930 - "buy value, hold for 40 yrs" - he even admits it.. WON'T WORK in the current market -

in 40 yrs: China will rule the world...
the US will owe 100 trillion, will be a 2nd rate economic power
the leaders will be: China, India, Europa (this is coming.. and about 500 yrs too late), and Brazil (which is only 20 yrs OUT of a military dictatorship, if anyone remembers! - how quick we forget)

CHINA is only 60 yrs into their new nation - where were WE after 60 yrs?? preparing for Civil War, and a 2nd rate econonic power while using FREE slave labor, FREE chinese railroad labor (many were paid in counterfeit yuan then sent home with it) -- we'll NEVER have this advantage again, hence the 3 depressions since the Civil War (1876, 1929, 2008)

The only constant is CHANGE - Alan Watts