Sunday, February 22, 2009

Nationalization Speculation Week

Everything is pointing down except biotech:
USA Longterm Midterm Shorterm
S&P500 Down Down Down
DJI Down Down Down
Nasdaq Comp Down Down Down (-)
Russell 2000 Down Down Down
AMEX Airline Down Down Down
AMEX Biotech Down Neutral Neutral (-)
AMEX Natural Gas Down Down (-) Down (-)
AMEX Oil Down Down (-) Down (-)
AMEX Security Broker Down Down (-) Down (-)
KBW Bank Down Down Down
KBW Insurance Down Down Down
PHLX Housing Down Down Down
PHLX Semiconductor Down Down (-) Down (-)
S&P Retail Down Down Down

Not many counters left that is high enough to allow me to play the options. I will be looking for some retail counters this weekend. So, when will the US government nationalize Citibank and Bank of America? The speculation sure has beaten the financials. I am wondering how low will they go?

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