After the radical sell off yesterday in financials and in particular bnb following the calls that Freddy and Fanny needed billions, Merryl was losing billions, Goldman was trading badly, the Fiancials reversed as investors returned to he oversold doomsday senario and saw it for what it was, overdone. The Fed has affirmed it is ready to shoulder up and the overdue drop in oil showing a downward trend also helped.
Personally I will pushed the shorts today for that strong rebound in the SP, hopefully other will do the same...
have a good trading day...
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BNB
babcock & brown limited
financial firms up strongly
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