flashrob

Oil Approaching Bear Market Territory

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. ([e-mail]...