A P.S. to the post below, I was reading that US. mortgage applications are WAY down. I understand that is mostly due to a lack of refinancings as interest rates are no longer falling. Wells Fargo was making a lot of money on refinancings. All else equal this could be a reason to trim a position in Wells Fargo to some extent. Still, like I said it has a low P/E ratio and I know it has lots of growth areas so I don’t know if I will trim.