LAST WEEK WAS GREAT THISweek is up in the air,lets call it a down week for the most part,if its true that we will see more write downs for cm this week,well then yes a sharp turn down is in the works,just not the place to be for the next little while.its going to be intresting to see were the banks go come the summer time,im still sticking with my 50 percent haircut from highs,and cibc will get a brush cut of 70 to 80 percent when its all said and done,low end will be in the low 20s high end 35ish,these write downs are going to swallow 2 years of earnings,and im sure there will be some more doors to open,like lawsuit from employees,that can slice up to a billion off its earnings as well.other banks look alot more attractive than the cibc,lets also not forget, the next big thing to come down the pipe,THE CREDIT CARD CRUNCH,which is starting to trickle down on our t.v.screans,hearing more and more about that fiasco.YUK YOU STILL LIKE BANKS,NOT ME,STICKING WITH THE GOLD PLAYS FOR THE NEXT LITTLE WHILE,UNTIL THIS ALL BLOWS OVER,COULD BE ANOTHER COUPLE OF YEARS YET.JMHO