The sector was downgraded by somebody today, early. Can't remember who. Seems like somebody trying to be smart and way out ahead of a curve. I'm short the 7.5 puts for Jan '08 and the contracts were all sold for 2.55 to 2.45/contract. Pity so much negativity is still built in because those contracts are still 1.7 to buy back last time I checked.
FUNdamentals haven't mattered for 2 years or so but that and the sector were what grabbed me on top of a couple analyst upgrades back in January.