The Regional Banks and the Yield Spike

When the bloom comes off the rose, these stocks come back to earth. 22 is not expensive. You just have to rationalize what you're buying and say, hey, am I getting into thesis creep because I just want to be part of the hype or do I actually want to look for opportunities elsewhere? All right, we're going to switch gears right now. I'm going to talk financials and banks. Joe, you're flagging the move in the regionals today on the back of this yield spike. But yet when you look at the actual technicals of whether it's the regional banks or the money center banks themselves, they're in a clear downtrend since August of