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Old 03-08-2009 | 09:11 PM
  #53  
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Captain Cook
Gets Weekends Off
 
Joined: Mar 2009
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If I remember correctly, the house is having a hearing on March 12th on relaxing the mark to market rules for a year or so.

I think you will see a rally in the financials this week, but I don't think it will be a long term solution. Also, if the financial stocks move positive this week, I would be betting on a buy-the-rumor, sell-the-news situation with bank stocks and financials on Friday 13th.

It wouldn't be a trade I would be comfortable making. I'd even consider buying during the week, then selling after the meeting. But I've lost my butt too many times in the market to mess with this this week.