wombat 708

10 Financial Entities On the Brink

Nothing wrong with being short. We all should be long and short. i like the dollar so I am short FXE and long UUP. Also like grains ,so I own JJG.
A little late to short most banks. Those with CRE exposure will be next to go lower.
I expect FRE and FNM to go to zero with in 60 days, though feds may keep alive thru november elections.

10 Financial Entities On the Brink

I like DSL, CORS and MBI while I am hedged by being short FRE, FNM and BPOP. I think CORS will survive. Management is buying stoick and the compnay is buying stock. DSL undervalued. Check out its commercial real estate, carried at zero on its book. DSL worth $50 in next cycle and MBI over $30,