Massey shorting the banks isnt a dumb idea, Lot of the worlds biggest billionairs have sold all their banking stocks or are also shorting it.
It's a pretty obvious one, house prices have peaked to the upper limits of peoples buying power. There for banks proffits will peak also as people are not taking out larger and larger loans.
As people lose their jobs and the CDS widen, the banks profits are going to be eaten into.
Wasnt aware you had to short at the very top, but just place the shots before the fall?
