I suppose I should explain why I flip-flopped on FAZ (and FAS). For one thing, they are designed to be traded in and out of, so flip-flopping on them is natural. More importantly, and more specifically, I realized that the financial sector is made up of thousands of financial companies with a lot less favor in DC than GS, BofA, C, and their ilk have. The broad financial sector will most likely be looted to prop up the banks with ties to the Fed, and other DC power brokers.
My actions on FAZ and FAS have gotten away almost scot-free through my mistake, but I was not blogging actively as I was realizing this, and I sincerely apologize if anyone suffered financially from my lack of communication. I need to CAPS more