Now more money to be printed and financials will continue rising. Of course all know this is going to end sometime with an awful thud but not yet. In the mean time short FAZ and buy FAS. FAZ made another multi year low today with numerous more to come before February. WE who do not control the market are saying that this is crazy. Those that control the market(financials) say that this is easy money for them. Looking for financials to continue moving up albeit not as quickly as before while FAZ makes lower highs and lower lows as FAS makes higher highs and higher lows. We have had misses on the revenue side from both C and GS yet no big downer. GLTA
Have to admit I wasn't expecting the drop in FAZ to be this quick. Another multi year low as we close this market today after negative revenues in GS. They are no longer concerned with the SEC after they let JPM off with only a fine. Will only validate more fraud and corruption within the banking system. With the too big to fail and the consequences for causing any disruption in the system it is obvious that the financial institutions see it as a free pass. Looking for higher prices in C.