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6 pts

Opinion on  Select Sector SPDRFinancial (XLF)     Sector: Financial  >  Industry: Misc. Financial Services
Financials continue to suffer

Jul 27, 2008 10:32 PM UTC
Return Risk
-1.28% LOW
Analyst

2 more banks have gone under.  More mortgage resets coming.  Recent bump due to Fed's action on naked shorting of 19 financials and housing bill.  But this crisis is far from over.  Many foreign national banks own FRE/FNM CDO's.  Fed had to step in, else the world would lose confidence in the US financial system.


XLF:  This call was made on 07/27/08 @ $20.87
Rating:   Negative   $20.87 (07/27/08)
Closed:   09/18/2008 @ $18.83 (+9.77% in 53 days)


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