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  • Oil Approaching Bear Market Territory [View article]
    in addition to horrendous losses by the financials due to Real Estate...

    I think there will be a "2nd wave" of losses due to
    Hedge Fund Long related activity by many investment banks...either owning the positions or financing them...

    current evaluations of banks and current estimates don't take into consideration the negative impact of the "rapid decline in oil/commodities (that I believe most financial entities were probably LONG in) and won't show up in financial's earnings 'til 3rd/4th qtrs...

    I think you might want to cover this issue which could add further insight into the "true state of financials!"

    I think lower oil/commodity prices help MOST stocks/consumers...but I think the LOWER oil goes the more the financials will go down due to hedge fund related activity...not to mention continuing declines in Real Estate.

    bob g. (flashrob@dimestop.com...
    Aug 06 11:54 am |Rating: 0 0 |Link to Comment
  • Why I'm Committed to the UltraShort Financials ETF [View article]
    add this from CBS over the weekend...

    www.cbsnews.com/storie...

    flashrob


    On Jul 20 12:11 PM flashrob wrote:

    > ...notice SKF on the chart...last two days...
    >
    > The only reason for the "financial sector" being UP this week is
    > due to the SEC interfering WHILE THE GAME WAS IN PLAY...with THE
    > SHORTS...
    >
    > ESSENTIALLY FORCING THEM TO BUY STOCK AND PROTECT AND DRIVE UP THE
    > FINANCIAL SECTOR...
    >
    > this is SETTLING DOWN NOW...as EVIDENCED BY SKF hovering near 135-140
    > the LAST TWO DAYS...
    >
    > AS THE "SHORT COVERING BASED RALLY OF THE FINANANCIAL SECTOR" PETERS
    > OUT...and the Pros and Big Money ARE NOT STUPID ENOUGH TO THINK<br/>
    >
    > THE FINANCIALS HAVE GOOD INVESTMENT POTENTIAL...
    >
    > SKF will RECOVER and GO EVEN HIGHER!!!
    >
    > looks like we HIT BOTTOM...unless the Fed/Sec or someone CAN PULL
    > ANOTHER RABBIT OUT OF THE HAT.
    >
    > SKF should start GOING BACK UP!
    >
    > finance.yahoo.com/q/bc...=
    >
    > flashrob
    Jul 20 15:03 pm |Rating: 0 0 |Link to Comment
  • Why I'm Committed to the UltraShort Financials ETF [View article]
    ...notice SKF on the chart...last two days...

    The only reason for the "financial sector" being UP this week is due to the SEC interfering WHILE THE GAME WAS IN PLAY...with THE SHORTS...

    ESSENTIALLY FORCING THEM TO BUY STOCK AND PROTECT AND DRIVE UP THE FINANCIAL SECTOR...

    this is SETTLING DOWN NOW...as EVIDENCED BY SKF hovering near 135-140 the LAST TWO DAYS...

    AS THE "SHORT COVERING BASED RALLY OF THE FINANANCIAL SECTOR" PETERS OUT...and the Pros and Big Money ARE NOT STUPID ENOUGH TO THINK

    THE FINANCIALS HAVE GOOD INVESTMENT POTENTIAL...

    SKF will RECOVER and GO EVEN HIGHER!!!

    looks like we HIT BOTTOM...unless the Fed/Sec or someone CAN PULL ANOTHER RABBIT OUT OF THE HAT.

    SKF should start GOING BACK UP!

    finance.yahoo.com/q/bc...=

    flashrob
    Jul 20 12:11 pm |Rating: 0 0 |Link to Comment
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