Our Game Plan for Financial Stocks

Filed in economy, Gold Market, jp morgan, recession by on August 30, 2010 0 Comments

Buy financials for the near term. This is an election year. That means we’re likely to see two things happen before November 2010… We’re likely to see quantitative easing— again — which will goose the market as it did in March 2009. We’re also likely to see the White House step in — again — and goose the battered housing market before housing realities set in again. Advertisement 338% in 8 Days, 141% in 7 Days, 221% in 9 Days… Those are actual gains made by readers of Ian Cooper’s options trading services. His strategy has proven to be so popular, that he’s giving you a chance to learn all about trading options — ABSOLUTELY FREE . He’s put together a how-to guide that documents the lucrative and misunderstood world of options, and it can be yours for free just by clicking here . We can’t keep throwing money at the problem… and hope that it works out But so long as the White House kicks the can down the road, here’s some immediate-term good news for housing and financials. Some time this week, according to the Housing and Urban Development Secretary Shaun Donovan, the Obama Administration could unleash two new initiatives to help the crumbling market: “We’re going to be rolling out an FHA refinancing effort to help borrowers who are under water in their homes get above water,” Donovan said. “And second, we’re launching an emergency homeowners’ loan program for unemployed borrowers to be able to stay in their homes.” (Because past programs have worked so well?) Unfortunately, leaving the housing market alone and letting it crumble as it will anyway isn’t an option… The door is now also open to reviving the $8,000 tax credit for first time homebuyers. This will only temporarily fix the problem. And as we saw with the last expiring credit, housing will resume its slide on credit expiration. Short financial stocks… once the “hype” wears off We — along with Meredith Whitney — don’t believe major banks are prepared…

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Our Game Plan for Financial Stocks

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