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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: patron_anejo_por_favor who wrote (157024)10/14/2008 9:54:01 AM
From: Think4YourselfRead Replies (1) of 306849
 
I also agree it's a bear market rally in general, BUT the financials could really run on the new programs. They were severely oversold, and are probably still oversold based on the new environment they are operating in.

I am hoping people are piling into the financials on the short side today. That will cause further upside when the funds start buying back in.

David Faber now saying dividends on bank stocks are NOT being suspended by the government for banks participating in the program. They can't raise dividends without govt approval and the government can suspend dividends if bank misses a payment to government.
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