You are correct, once the government bailouts and stimulus BS talks die down there is going to be a great shorting opportunity.
That bad bank/good bank thing was already discussed a long time ago. I swear to god I hope more pumping coming from CNBC so I can short at a much better price. More bagholders please.
Hum...thanks for reminder...was just occupied with Barclays... Barclays down 6.5% as banks open lower...
not to be the one to say it, but if you're thinking very short term, then ok, I maybe see a trade in there. But if you're talking about short over a longer period of time, you're nuts.
http://www.dataexplorers.com/news I like to be short after a "short covering rally", don´t you ? http://www.marketwatch.com/quotes/uk/barc http://www.marketwatch.com/quotes/uk/hsba http://www.marketwatch.com/quotes/rbs Citigroup shares fall 5% in pre-open trade, to $3.99 Bank of America shares slip 5% in pre-open trade, to $7.03 J.P. Morgan shares off 3% in pre-open trade, to $26.80 Wells Fargo shares fal4% in pre-open trade, to $20.30
I completely agree with being short for the shorter term. The economy cannot simply recover after horrible economic data from a couple of packages. I am sure in the long run we will recover but i personally would like to be short now.