Let me set aside my permabearishness and say that I think financials are primed for a bounce here.
Here is Financial Select Sector SPDR (NYSE:XLF):
And here is SPDR S&P Bank (NYSE:KBE):
The minions of the Federal Reserve as frantically scurrying around trying to talk up the market, and it’s working. Let me be clear – it would be a Gift from God Almighty to rally to the place I’ve tinted. Just manna from heaven. I’m not even sure how I’ve lived my life would deserve such munificence.
SPDR S&P 500 (NYSE:SPY)
