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Berkshire Hathaway Chairman and CEO Warren Buffett is interviewed in New York, Monday, Feb. 22, 2010.
Berkshire Hathaway Chairman and CEO Warren Buffett is interviewed in New York, Monday, Feb. 22, 2010.
(Seth Wenig/AP)

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Which way U.S. banks stocks? Look to the yield curve

U.S. financial stocks drastically outperformed the S&P 500 in 2012 and the world’s most famous investor believes the rally has just begun. Warren Buffett, the man who kicked off the market recovery in March of 2009 with positive comments about Wells Fargo & Co., is again optimistic about the future of bank stocks. The yield curve will tell us if he’s right.