OK don't be too hard on me, I'm 20, a real estate developer and I have a lot to learn about this game, but heres what I think. I think yesterdays rally was pretty...fake. I do NOT think we are at a bottom. Sure the fed dropped rates, but that does that really solve the problem with these large banks? I was a mortgage broker for a while and I used BNC for a lot of my subprime stuff, BNC was of course owned by Lehman....i also used Longbeach subprime who was owned by wamu...my point is despite the excess liquidity due to the rate cute, nothing has fundamentally changed. In my mock portfolio i am short lehman, merril, countrywide, wamu, and costar group. I think its a great time to short these stocks because the euphoria of the rate cut will soon be over. what do you think?