Wednesday, June 8, 2011

Hmmm

I really thought after hitting the 1275 level in the overnight session on the S&P they bulls would mount a reactionary rally but seem we are stuck in the mud here. Breadth is horrible here and that might be the underlining reason.

Banks

Banks look like they are shot in the head. Well everyone knows my sentiment on them. I jus don't think they will ever be profitable like they once was, NEVER. Trading is down 30% from last year and this has made the giant Goldman to be under severe pressure.