My continuing search for sectors of the stock market that are trading cheaply and offer the potential for gain has led me to a controversial slice of the market: bank stocks.
Looking at the "Big Four" in the U.S. banking sector, it's easy to conclude that the sector is undervalued...
But that conclusion may be a bit misleading.
Make no mistake - by traditional measures banks look cheap, and their stocks could do fine until the next financial crisis.
But that's the problem. Looking at banks that way ignores the elephant on their balance sheets, and the potential damage to our portfolios.