Barrons : options market is expecting the financials to decline
They are going to sucker in as many as they can, before they take the market down. It has to be a severe downturn to put the reality check back in people or there is no use in doing it.
Watch what happens rest of week and next week.
Banks still going to be writing down BILLIONS and that is why they are already trying to delay their earnings dates, in hope they change M2M, but its not gonna happen. You don't change the rules in the middle of the game.