"Profit taking in financials. No one believes the problems are near being over, so things will remain volatile."
Considering financials in the US tanked severely 2 days ago, there won't be anybody taking profits.
Seeing as you can't possibly know what "no one" or "every one" thinks, you're basically guessing, right? This doesn't constitute a justification of your position (even if you turn out to be right).
I do agree with you that volatility is likely to continue.
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