Bottom on financials are still far away... Look @ this chart of Total Borrowings of Depository Institutes since 1985. Once that chart is normal, I can tell Financials have hit the bottom. What mainstream media says right now doesn't matter.Highest Exposure: 90 Trillion JP Morgan. Like Barry said on Big Picture, "No wonder the Fed "rescue" of Bear Stearns was via JPM -- it was their own derivative exposure that was at risk. "Sources:
http://bigpicture.typepad.com/comments/credit/index.html
http://research.stlouisfed.org/fred2/