Mike in NoLa

Why I'm Cutting Ultrashort Financial

Smart man. My limit order to sell the last of my SKF's was triggered today. I had some regret that it may go up another 5-10 pts but, if a big bank gets into trouble (more properly, that their trouble becomes public), we'll have another BS rally in financials when BB bails them out. I had just taken a position in SKF when he stepped in and it took three months to make 25% on it when it should have been a gimme. Not going to give him another chance.

Looks like SMN might by a good buy. China and India are joining the slowdown.