The recent bear market rally has been fueled by the bank stocks which have jumped over 100% from their March lows. The conventional wisdom is that the worst is over for the banks and the economy. I have recently shorted the financials through the Ultra Short Financials ETF SKF. Watch this video of Meredith Whitney, bank analyst who corrected predicted the financial crisis early on. Nice to see that she is not drinking the CNBC "all is well" Kool Aid. She is right that owning bank stocks at this time is dangerous. The next leg down is going to be devastating to the retail investor and I believe it is going to start very soon, protect yourself-Lou
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