Jason Tillberg

Sell Into the Financials Rally - Morgan Stanley

I just bought SKF and FXP today. Small amounts.

I think we've got downside right around the corner. CNBC has been ridiculously happy and bullish lately. They laughed at Steve Frenkel when he suggested we could have a 2000 point drop in the Dow starting within this week. He was guest just last Friday. He had suggested back on January 18th that the Dow would likely go to 11,600 and then bounce about 800 points and then head lower. He was nearly right on. So, I heed that guys warning this time.

I think Ben cuts rate 25 bp .. housing is in need of major help still.