contrarian@coalmine

Barron's Goes Bullish on Banks, Again

I'll take the second derivative of this contrarian arguement and state the following investment thesis: if the majority of Wall Street pundits think that the calling of the bottom in financial stocks by major financial media sources is a contrarian indicator, then perhaps the bottom in financials is actually here, and that covering one's shorts is the prudent measure (i.e. taking profits on a short bet during maximum fear,distain,or capitulation within a sector or at a targeted stock).

Remember, stock bottoms are always reached, and they're rarely reached, even at the worst of times, at zero. It's the counterpoint of stock valuations never quite moving beyond the finite ceiling of the "greatest fool", who knows he's always the last to the party, and has no willingness to place the bet that he isn't.

contrarian@coalmine