General Stock Ideas

[bigworld]

gfp: Part of my conviction that the XLF is up based on hot air and pixie dust is tht there is no broad participation in the sector. GS and JPM are responsible for about 50% of the recent up move in the XLF.
I think its all based on post election euphoria. Nothing fundamentally improved in the economy since the election. Instead we see worldwide instability, especially in Europe. Interest rates set to rise next week. I haven't pulled the trigger yet on my trade but I expect to see some weakness developing in the short term. And I don't expect to use the 3x leveraged short for a long term hold. Merely a one or two week play depending on how it shakes out.