opportunity associated with market dip

LIBOR -- the interest rate banks charge each other for overnight loans -- has gone down and even briefly dipped under the fed funds target rate. “That means,” explains Dan Denning from the other side of the planet, “the Western world's major banks are not scrambling for cash as desperately as they were a few weeks ago.
The falling LIBOR rates also suggest that the big banks are not as suspicious of one another as they were a few weeks ago. If that is the case, several financial stocks such as GS with low PE should deserve our attention.