Wednesday, March 14, 2012

Finnie rally endeth?

Doug Kass (on Fast Money) says he sold his positions in the financials on Tuesday.

"They've hit their highs for the year," he claims.

 I don't doubt him. But I'm not 100% convinced about this being the peak. Underneath all the flim-flam, this is still an election year and this is still just mid-March. There are still a whopping number of politicians trying to get re-elected to their congressional payola jobs. My guess is the market keeps rallying in varying degrees until the election.

After that?


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