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Saut: Sell Financials, Gold; Some Buy Ideas

I agree. Buy gold on dips. I also think that the Raymond James analyst is a genius! I quote: Excerpt from Raymond James strategist Jeffrey Saut's latest essay, published Monday (September 22):

"As for the financials, we think they should be SOLD, except for some very select special situations, on the premise that their fundamentals are not all that better even following the proposed bailout. Moreover, our sense is there will be a huge number of lawsuits regarding the potentially illegal maneuvers employed by the government to “save” select financial institutions."

Thanks genius from Raymond James. Next time please can you give us this advice before the financials dropping more than 50%. Thanks a lot!