It was only a matter of time before the traders took their profits and headed for the exit. The leading indicators and financials once again slapped us in the face. But this is normal and a part of trading; especially in a recession. More earnings coming, stress test criteria form the government, and stress test results coming over the next 2 weeks. Question for you savvy individuals. How can the equation the government used to make this test adjust or equate for housing and or jobs? Answer, I don’t think they can! There will be open ended valuable information missed by these tests. You heard it here first.

This entry was posted on Monday, April 20th, 2009 at 4:39 pm and is filed under Financials. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.