get out of financials before end of this year

  1. 16,338 Posts.
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    There is no reason whatsoever to buy or stay in the financial sector....they are going down.....especially at the end of this year.

    Merrill Lynch (MER 45.98, -0.82) expects to write-down $6 billion to $6.5 billion, and report a loss for the quarter. In broader terms, the finanical sector is down 1.4% this session.

    Then new Reset Defaults for the sub-primes will damage many....I believe they will take down few banks with them.....easily.....end of this year....

    Let's all switch to strong companies.....there are much stronger sectors for the future....

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