Originally Posted by Sami

UYG up 25% in the past 3 days !

Bear sterns is a done deal. That was the capitulation for the financials... the financial sector double bottomed on the charts.. and it is in my openion that we saw the lows for the financials 4 days ago.

Goldman sachs .. lehman reported better than expected results which should be a trend for others to follow because basically the sky falling was priced into the bank equities.

From here on we'll see choppy roads still.. but should be a reversal in the trend for the upside in the financials sector...


Financial sector is the only sector that the goverment will prevent from a complete collapse. Remember.. if your playing the financials the fed is your friend!