July 18, Sell
Hold (-1000)
Financials should be good in the near term.
1) Congress will pass the bill so that US tax payer will pay part of the house mess.
2) Forecloser will peak in August, might mean the worst is over by the next earnings report season.
3) Rules has changed, you can't short the key financial shares starting next Monday.
4) Sector rotation, money flowing out of Tech, Material and Energy will find the strongest sector.
5) US will not allow LEH, FNM, FRE to fail.
6) Oil price has dropped, food price has stablized.
7) Within a month, US flag flies high in China, good relief.
8) Company reports huge loss, share rallied.