Financial Relief

By -

Let me set aside my permabearishness and say that I think financials are primed for a bounce here. Here is XLF:

slopechart XLF

And here is KBE:

slopechart KBE

The minions of the Federal Reserve as frantically scurrying around trying to talk up the market, and it’s working. Let me be clear – it would be a Gift from God Almighty to rally to the place I’ve tinted. Just manna from heaven. I’m not even sure how I’ve lived my life would deserve such munificence.