topshelf

State Street: Is It Trading for Federal Accounts?

What easier way to lick-off such a well Orchestrated "Rally" than to use your own Stock and Sector, everyone given the Playbook.
So the best, safest, surest, plays were to Bet "Invest" in themselves and their Sector. The March 10 & 12 Touts by BAC & C, pretty much word for word repeats about Jan & Feb noted.

I took note of the virtual silence in the Media, especially the Financial Media, that the Big Banks ALL experienced Gains in the 100% to 5-Fold+ range. I refer you to BAC's 3.00 to 15.++, and C/Citi's 1 to 4+, but not much written about these huge 2 months gains.....and weren't many New Offerings made at these Highs.
On top of this a look at such heavy volume Double & Triple Financial Sector ETF's, like FAZ & FAS, saw moves like 115 to 5, and ALL saw heavy activity in their Options.
Of course wanting to give back the TARP Money is no surprise. They should all have Gains many multiples the original stake.

I also found it interesting seeing the WHouse Meeting with the Big Bans CEO's and what seemed odd at the time was hearing the Pres suggest Buy Stocks. You can google [ Obama Buy stocks ] and read the Headlines at the time, March 3, the kick-off March 9