Thursday, April 9, 2009

Banner Day for Financial Stocks

- Can we trust the government to be objective when they are the major shareholders in banks?

- How "stressful" were the stress tests?

- How much will the modified accounting rules add to earnings?

- Is writing up asset valuations really prudent when continuing unemployment claims are just about 6 million?

- Do you think that most of the banks' operating earnings resulted from the MBS land grab?

I got what I wanted, an unwarranted rally in bank stocks. Prepare to short the sector en masse. Watch out for SEC rule changes on the way. The government is out of bullets.

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