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matt24d

09/25/10 1:57 PM

#99210 RE: alfaspider #99208

I think it will be good but to be honest I am not big on banks just yet. Me and AF talked about that the other day. I feel that financials are not going to lead this rally like they have done for so many times before. I think tech, alt energy, retail and cyclicals are going to move this market higher and financials will follow along. Its not that banks are not making money but I think investors in general are still very gun shy in financials. I mean even to this very day we have the big guys on wall street that are still not sure what are on the books of these banks. There is still a lot of questions to be answered. I think banks are going to need another 2-3 Q's before people still get a good picture of what is on their books. I mean just friday there was a few guys on CNBC talking about bank book values but its still hard to know exactly what they are.