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Non-Tech : Bank of America -- Ignore unavailable to you. Want to Upgrade?

To: Qualified Opinion who wrote (1932)	1/28/2010 3:42:20 PM
From: Keith Feral	Respond to of 4366

Today looked like a pretty good flushout in tech, driven by QCOM's mediocrisy. That almost starts to look interesting near $40 for entry on the long side. PE is finally getting down around 17 times 2010 earnings. I guess it could drift lower by another point or two, but I think it would be a good buy anywhere near $38. Banks started the sell off a couple weeks ago, and they are starting to show the first signs of leadership on the upside today. The last 4 or 5 months, the markets been getting pushed near the lows into the end of the month. My guess is that we see a big jump out of the gates next week when Bernanke's job is secure and inflation hopes are alive and kicking. Anyone wanting to sell stocks based on the liberal politics had their last shot after the State of the Union last night. Short the liberal agenda, cover on the speech. I wouldn't be surprised to see a short covering rally tomorrow to protect some profits.