Hi, wanted to ask what people think about the price of bank shares?

Currently im beginning to think they might be becoming tempting at thir new lower prices, however am thinking of waiting a month to see what happens with house prices and widening CDS spreads.

So what does everyone think?

I think banking shares - RBS, HBOS, Barc and Lloy are definitely bargains at present - but they are still on a downtrend.

So anyone investing now is at greater risk of short-term losses, hence it makes prudent sense to watch for an established uptrend forming.

That's exactly what I'm doing - waiting for the right moment.

Nationwide release their House Price Index data this week, and the Bank of England release their quarterly credit report. This week I think will therefore define how the banking sector moves over the next month. If all bad news, we're still in a downtrend. If some positive news, they could start to recover pretty quickly.

That's just my 2c though.