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Non-Tech : Banks--- Betting on the recovery
WFC 86.27+0.1%Nov 12 3:59 PM EST

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To: tejek who wrote (621)7/15/2009 2:34:25 AM
From: Hawkmoon   of 1428
 
The general feeling I get is the banks are stabilizing faster than expected. What about you?

I'm looking at the glut in oil and the normal arbitrage that occurs when folks short the dollar and buy oil.

If oil falls, the dollar should climb.

Banks have a lot of dollars (even though they aren't lending).

Hawk
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