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S&P 500
5,303.27
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0.12%
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US TECH 100
18,065.20
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-0.08%
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Dow Jones
40,003.59
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CrocHntr

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CrocHntr

Re: None

Thursday, 03/19/2009 9:27:10 AM

Thursday, March 19, 2009 9:27:10 AM

Post# of 173730
Financials - Just about every financial is up BIG in pre-market (I'm talking 20% to 40% for some). I wonder if this will carry into market open... Either the financials have been beaten down to absolute extreme levels, or this pop will be very temporary. Anyone think financials are at least a short-term buy now, or is the hype already overdone? I'm holding ETFC and AGM, and my mouth is watering since they're both up around 20% in pre-market.

I'm thinking its profit taking time, but I also have to consider the impact of mark-to-market changes, this latest round of Fed buying of mortgage backed securities, etc.

We'll see how today shapes up, but I hope financials continue to stay hot for the next few days at the very least...

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