Scary, isn't it?

Fret not, not all the banks in the world are affected by the'disease' and  going busts overnight. This reminds me that not all apples (or bank stocks in this case) in a basket are bad.

Apart from all those banks with similar shortsighted and unsustainable strategy, all other major banks would not be affected, whether they are headquartered in US or not. Perhaps, we may see one or two more of this dominos in either US or Europe, as the bad apple surfaces.

Unless the banks have similar bad practices and/or are linked to these bad apples, nothing untoward like a bank run would happen, especially when they are strong with excellent fundamentals and sustainable practices like DBS.

If I can, I would scoop more of such fundamentally strong big bank stocks at current low price, rather than throwing them away for a song, as it happens in bourses around us. (Think: buy low and sell high)

Just my thoughts!