Great banks' stocks crash: Isn't it the right time to buy them?

Hot January

Merrill Lynch, JP Morgan, Bear Stearns, Countrywide, Wells Fargo and Citigroup have suffered sharp falls in their stocks during the last weeks.

Losses are stronger depending on how adventurous each entity has been to generously grant subprime credits.

However, a Wall Street crash is unimaginable.

At some point, banks will finish stripping off, showing all the impact received. Will this come up in April, when first quarter results are be unveiled? Maybe.

For the time being, JP Morgan Chase showed yesterday a 34-per cent low in profits, though profits in the end.