Wall Street has fallen out of love with Wall Street.
Back in early December, at the Goldman Sachs Financial Services conference, the bank’s lead bank analyst Richard Ramsden asked the assembled crowd what they thought the prospects of bank stocks would be in the coming year.
A majority of the assembled crowd answered that they were overweight bank stocks. Ramsden soon after wrote a note saying that the fact that so many people were bullish on bank stocks was a reason to be bullish as well.
