Banks Trip in the Short Term By Ron Insana About this article: Infamous bank robber Willie Sutton is best remembered today for his famous response to a reporter's question about why he robbed banks: "Because that's where the money is." The money, unfortunately, is again disappearing from banks very quickly, this time without the aid of Sutton. As I said in my new newsletter "Market Movers" yesterday, while I remain long-term bullish on the market, as a whole I am becoming increasingly unnerved by the continued tumbling of bank shares. Banks have provided excess returns since the March 9 bottom, with the KBW Bank Stock Index (BKX) doubling from its low of the bear market. Many bank stocks have gone up 2, 3 or even 4 times from their individual lows. However, in recent days and weeks, bank stocks have slid amid worries that second-quarter earnings will disappoint. Credit Suisse warned yesterday of rising credit card charge-offs at Bank of... Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET. Outside the U.S. and in Canada, call 1-212-321-5200.

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