Schweizer

Short Financial ETFs: Watch Out for the Fannie/Freddie Effect

Financials report next week and it won't be pretty. Capital raise in the 3Q has been nonexistant. I think SKF will blast off as the July lows fail to hold. The Financials may have a net ZERO earnings for all of 2008, and I doubt any more bailouts will be supported, so several biggie banks could go under (as they should). SKF is a BUY.