Thank you..I've just heard about all the doom and gloom I care to hear. It's becoming way overdone. But, that's usually a signal that we're about to rally. IMO the place to be for that inevitable rally is the financials. They are the ones that are truly overdone in this market..the short interest on the financials is incredible. All it's going to take is for the right piece of news to spook the shorts and the financials will absolutely explode. That's my short-mid term view..long term, I'm loading up on the materials/commodities. IMO That will be one of the few safe places to hide once our economy moves into the inevitable inflationary cycle. However, I will still keep a core of financials long term after selling portions of them into a rally. The financials I hold are C, BAC, and JPM. Also have a fair amount of the financial etf UYG. GLTY and hang tight...We might go lower from here but, I think we're going to get a mind blowing oversold rally within the next few weeks.
-Dave-
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