The reason is "bottom fishing". I'm sure there are plenty of people out there who are thinking "I got a great bargain today."
Of course, there's a reason why financials are cheap right now. And it's not a good reason.
Monday, November 12, 2007
"It's Not Getting Any Smarter Out There"
I'm a huge Frank Zappa fan, and the title of this post is a direct quote from him. The reason for the quote is simple. Financials rose a little over 2% today.
The reason is "bottom fishing". I'm sure there are plenty of people out there who are thinking "I got a great bargain today."
Of course, there's a reason why financials are cheap right now. And it's not a good reason.
The reason is "bottom fishing". I'm sure there are plenty of people out there who are thinking "I got a great bargain today."
Of course, there's a reason why financials are cheap right now. And it's not a good reason.
