glassbox

Financials: How - And When - We Reached the Bottom

Tom, this is one of the best articles I've seen on this site and I do appreciate your blow by blow account around July 15 - although I must point out that you failed to mention SEC's move on the short sellers. Whether that had impact on the capitualation, nobody really knows but the results did speak for itself.

I'm long XLF and ABK - with at least 1 year horizon. XLF - am expecting US$25-30 by 1 year and as for ABK - I hope to see it go back to US$25, maybe not in a year but perhaps in the next 2 years... I'm sure if that happens, its worth the wait.