RE: Baking........................................Thanks Hoss. It's been a waiting game but we will get there. Yes the big banks have been weak. BAC is well off it's April highs, GS peaked in fall 2009! Citi was just bragging yesterday about planning to reduce bad assets to 20% of it's balance sheet. That is around $200 billion. Then there are what they call the "good" assets that will go bad anyways. They say they are improving but remember "mark to market". They have not shown the whole picture in their financial reports since March 2009. Unbelievable.
Financials topped yesterday morning, with S&P topping this morning. I do think that means the financials are signalling a turn down for the mkt here. Next few days should be good for FAZ.
SC