Dame Daxx

SEC Bans Shorting Financials

American Express (AXP) isn't there either. But Blackstone (BX) and Och Ziff (OZM) are there. Protecting the Hedge Funds but not the Credit Card Companies?

SEC Bans Shorting Financials

Capital One (COF) seems to be missing from the list.

Barron's Goes Bullish on Banks, Again

Maybe an intermediate bottom in a secular bear market in financials. Citibank's stock is still where it was about 10 years ago. I expect to go long the XLF or the UYG this week, for a 6 week or so trade, but I'm not calling a bottom in a secular bear market just because of a short covering rally in a deteriorating Macro environment.

Barron's Goes Bullish on Banks, Again

Meanwhile this from the BBC today:

"The chairman of one of the world's most powerful banks has warned that house prices in the UK and the US are likely to fall for another two years.

Sir Win Bischoff, the chairman of the US banking giant Citigroup, has told me that he expects it will take two years for these markets to find a floor. "

tinyurl.com/59vphj

If the housing market will continue to deteriorate, and consumer credit along with it, I can't see how they can call a bottom in Financials.