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Thursday, March 8, 2012
Greecing the skids?
So did today's happy 'Greek relief' headlines do the trick to put the bull back on track? Isn't this Greek drama supposed to have deep implications for levered and connected banks and financial institutions the world over? Isn't the financial sector supposed to lead if we are in for better times? Isn't this post filled with yet more question marks?
My plan remains a bullish one, but subject to interim pain. Let's see if XLF-SPY can break the down trend because if it does not, the bulls would be minus a pretty important would-be leader.