Today we should chop around as today is option expiration. I dont expect alot of action today. Citibank news yesterday I think is putting another dagger in the heart of the financials. For the non believers out there some financial institutions especially the regionals will FAIL.
I say Donlad Trump on television yesterday say credit (lending) has totally dried up in the market and this tells me the regional banks that get 80% of their business from real estate will go under. Real estate can't survive without credit period. Real estate is not a cash market so if banks aren't lending this housing market will have a very long depression in my opinion.
Have a great weekend if today is slow..
Talk to you Sunday
MARKETJEDI
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