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To: tom pope who wrote (61638)	7/7/2008 11:57:15 AM
From: Keith Feral	Read Replies (1) \| Respond to of 118717

LOL! I had to take Rarebird off ignore for a minute just to read his post. It looks to me that we witnessed the "crash" in the financials a long time ago, and the companies are getting beaten into value traps. Every attempt to trade the group from the long side lasts 1 or 2 days. WB is getting beaten below $14, which probably presents another trading opportunity or not. It really doesn't matter now that the valuations of the sick companies like the banks or autos have already crashed and corrected. Last week, I started selling all of my positions that were still working in the oil and gas stocks. Anything good for oil prices is bad for the market and bad for oil and gas stocks. OTOH, anything bad for oil prices may be good for the market but is bad for oil and gas stocks. Energy is always the last group to correct in these rotational meltdowns, and it won't be any different this time. It's always the group that gets left holding all the fast money at the top of the market. We have seen the latest collapse in financials, real estate, technology, and consumers pretty much run their course. Now, it's time for the energy and metal industries to take their pounding. It will be interesting to see how much of an impact that AA will suffer from rising energy prices tomorrow. I think it will be interesting to see how much of an impact that energy prices have on manufacturing companies. GL