Traders doubt banks' worst days are done

Bets against bank stocks intensified again with speculators lining up more put option contracts, which offer insurance against share price falls. The negative sentiment appeared early last week after news of Wachovia's first-quarter loss and its need to raise $8 billion in added capital, said Andrew Wilkinson, senior market analyst at Interactive Brokers. "People are beginning to understand how big the iceberg is, but there is still an overwhelming sense of fear out there," he said.

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