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Are We There Yet?

Hi everyone, look at the charts of the summer 2002 and that of 2007. Can't you see we are probably going to have some sort of revival of the same pattern ? Of course all bets are to be taken as of today, but the much anticipated financial crisis is starting to deflate itself and the punishment is already in the prices. Look for a solid recoup of the sound financial stocks from now to the end of this year. The US government cannot afford to shed the credibility of its financial markets which are the only resource it has to finance the incredible public debt. The recent bailing out of some critical financial institutions and the existence itself of the FDIC are the proof of my thesis.

All the best, long live the financial markets, with some doses of regulations long needed and that has not materialized yet.