He's been saying that for awhile. And he's been wrong the whole time. If he thinks people hate financials now, he'll get a real eyefull 6 months from now.
im short XLF. ben stein is crazy. you should really stay on the sidelines if you aren't aware of the problems brewing.
please educate us.
imo, there are a few financials that are bottoming right now. like citigroup. i mean they are taking charges now that pretty much everyone is going to have to take 6 months from now. of course, C can go a lot lower, but i think this winter is the right time to accumulate bottoming financials. please note that XLF does not fall into this category.