I didn't even notice this before, but is that the bears illogically taking it to the extreme?
CS is already trading at below 1 P/S and P/B levels with a tonne of cash on the balance sheet.
Throughout recent European debt talks, it has rejected its 52WL of $22.23. This level looks very close to its 2009 5-year low and no one has even defaulted just yet - if ever.
If CS goes up, or even remains stable, and JPM is able to reject its most recent low, that's a good enough indicator for me to give it another shot.
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