Bear Market Rallies Are Nice, Aren’t They?

I am just not drinking any kool aid, not at all. I’ll trade it, but the last few big moves have all been given back. If you want a sense of how confused the market still is about financials just look at the recent calls on AIG. Today Soc Gen went to a sell and yesterday UBS went to a buy on the name. How can intelligent people view things so differently? Of course one of them will be correct in his or her view. Don’t you just love how Wall St. gives you just a 50/50 success rate. Even worse if you actually do listen to analysts.

Let’s see if commodities mount a rally today or continue the rollover. I think financials should be sold.