Looking at the basic banking model provides many initial insights.

I’ll post a brief analysis later over the W/E

jog on
duc

You will never get as many “Cheeze Dicks”, to buy the SKF than did in the past 2 months.Too many got burned, and the only people on that trade are Bears “Revenge Trading”(revenge trading always works so well)

If the Rally was short covering, as bears insist…. there isn’t anyone holding stock, to scare out of the trade.

The only way to get them lower is for the “Bears” to increase their exposure by 10x to make up for the Retail traders they lost.

Some of the grim results, from the conference calls is that some of the banks went to a “housing bottoms in 2010″ model. which some of them are now running.

Hopefully that will be an undershoot.

and I don’t understand how someone who purchased a house in 2006 that they couldn’t afford, can hang onto it until 2010.

all famous last words