Sorry that government denial was on Friday (as you mentioned in original post) so that's "in the price" . Looking at a couple of the charts WFC, JPM and BAC recovered to close almost green though Citigroup was still down 22% on the day - would not want to hold that one too long.
I keep an eye on the charts of mortgage backed CDOs - as these are a major part of the problem for the banks. Unfortunately took a big turn for the worse late last week and they really need to recover before the downtrend in financials can reverse.
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