Kunal Vakil

The Banking Sector Has Bottomed

CLH...yes....I should have clarified a little better & I agree with you. I was making the point that the financials bottomed for this move down. The chart says it all...the UYG never took out the July Lows, even in the face of this horrible fear! I am still trying to figure out what this short selling ban means to this market. I dont like it when the market is structurally manipulated. This could cause a problem down the road

The Markets Will Reward the Patient

The hand,

The market is a discounting mechanism; it will price these issue into price well before the issues become a reality. It appears that most are forecasting the subprime mess to be controlled at some point next year. The big players will not wait that long to make their purchases. Now is the time, in the face of fear. I still believe we challenge sub 1200 on the SPX as I suggested above and it should probably happen in the next 3 to 4 weeks. This bottom should mark an important in my opinion.

The Markets Will Reward the Patient

Your a fundamentalists...have you ever heard that stock prices reflect future expectations of earnings? The market is telling you now that it believes that the financial turmoil will be over sometime next year. Why would big money wait till then to buy? They are going to buy now when everyone is fearful and stocks are on sale. Mark my words here, the financials have or are very near to an important bottom.