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The subprime / credit crunch has allowed financial sector stocks to pad their balance sheet. Look for the reclamation of prior writedowns over the next 2 years
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A must have for the recovery. How could you not want an ETF that attempts to double the performance of the S&P Financial index? With Bear Sterns out of the way, Lehman Brothers on better footing, this ETF is poised for a nice run of double digit returns.
Also dont forget the trend of people moving more and more into cities globally. Financial Services firms will be more ane more in need over the next 10-30 years.
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Very bullish on the beaten down fnancial sector, and the tracks the Financial Sector leveraged @ 200%.
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Financials - oversold...time to buy.
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enough is enough
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Financial sector benefiting from recent fed cut.
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Strong fundamentals. Low market.
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I believe that Financials are at or near the bottom. Take overs and foreign investment/buy outs are taking place with a faster and faster pace. Remember Soverign Wealth Funds do not and will not let their reserves evaporate into thin air. Paul
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