Citing commercial real estate concerns, the analyst blog of Zacks.com is warning investors to avoid the stocks of banks such as Citigroup, Wachovia, National City, Keycorp, and Washington Mutual. "Commercial real estate is about to follow residential real estate into the tank, and banks will have to write off many of the commercial mortgages they hold as well," the blog cautioned. Investors should "[s]tay far away" from the stocks of such banks. "The bank write-off game is not even close to being over," the blog declares. Chicago-based Zacks Equity Research can be found on the Web at http://www.zacks.com.
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