Long XLF

No that is not a typo, I am long the XLF. I am probably just as surprised as long time readers are.

3 comments:

Donovan said...

i with ya but i am playing skf puts. you get double the leverage

Anonymous said...

hold on, i thought u said buying the banks is crazy cuz there is no way to value them properly, not even they know what the value of their assets are. its like going down to mexico and ordering mystery meat.

Anonymous said...

XLF has a lot of insurance companies, KBE is better for pure bank exposure, though the two move in lockstep more or less over longer time periods