The financial sector has gone up crazy high in the last week. I just sold BAC and got 60%, XLF and got 40%, C and got like another 30%, and a couple of others. Today it held up pretty well, only lost like 5% as a group, but I don't think that it will hpold up for long. I'm telling you guys there is a retracement coming in this sector and the market cannot hold a rally with out the financials. If you just bought, I hope that you put in a stop but more over, I think that they are back on the way down, maybe not to their lows of a couple of weeks ago, but at least 20%, this was a short covering rally and on top of that the SEC was trying to make it hard to short so the stocks got a pop for the foriegn friends of the fed.
as for the other stocks in different sectors, they shouldn't be affected that much.
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"Mathematics compares the most diverse phenomena and discovers the secret analogies that unite them." -- Jean Baptise Joseph Fourier (1768 - 1830)
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