Financials in Doom???

Financial stocks have been way off there highs this year creating not only housing and credit issues but credit issues with brokerages. After the demise of Bear Stearns, yes Bear Stearns who would have thought, now many more banks are having increased write-offs and many analysts are predicting that there will be many more to come. LEH Lehman Brothers has been dropping like a fly and many think that it will coninue to head south on new write-offs. Option traders have been leaning on the October puts heavily for the Financial ETF. The market did close up today but the next few days and months will be the test. Till next time. www.freeoptionpick.com