Hard to imagine a lower bar to this speech. Perhaps Dow 7350. I know it is difficult to relate this speech to the market, but as I would have said at my old hedge fund, "Fabulous job by Barack Obama, but what does it have to do with the price of Citigroup (C - Get Report) or the dividend of Wells Fargo (WFC - Get Report)?"I do hope we are in the winter of our hardship. I just fear the fall. I do think that we will get out of this, but it doesn't' mean you buy on it.
Know What You Own: Other major financial stocks include JPMorgan Chase (JPM - Get Report), US Bancorp (USB - Get Report), Bank of America (BAC - Get Report), Deutsche Bank (DB - Get Report), Morgan Stanley (MS - Get Report) and Goldman Sachs (GS - Get Report).