The Big Question: Is the rally in financials done, and the market goes back down?

[pmann]

Quote from S2007S:

The only way to help out the banks is to give them no help, bailing out every bank and propping up the economy isn't going to work, the trillions of dollars being handed out is going to nothing but create more problems. The system is broken.

As for the rally in financials being done, probably in the short term it is, without the financials participating to the upside any rally is limited.

100% agree ..2 things need to happen.

Company's with bad bussiness plans go under.
All People who cant pay their loans lose their house.

Other companies will come along and take their place .. if GM folds it is not like we will all be riding bikes, we will drive something else. Survival of the fittest.

Yes there will be excess housing inventory, decreasing demand, lowering value....but someone will buy them all, dry up inventory and it starts all over. Supply & demand.

It needs to all work itself out without the gov getting involved.

Shit will smell, time will tell and water will level itself

it's the only way