A Busy Week
Apple (AAPL) reports today. Partnerre RE (PRE) reports today. Goodrich (GR) reports this week. Plenty of action among others as well, and it'll be a busy week.
If I had all cash right now, I'd be buying almost everything in sight. The drop down is a great buying opportunity, as we're in a bull market. We're not looking at a recession; it's just the financials are hurt due to the credit bubble. Too much easy credit, and at some point in time, the piper had to be paid. Yet, we 'hear' the financials whining more than others. Why? Because they're the foundation. But the foundation isn't cracked. It isn't even dirty. It's just not glistening in 24k gold like it has been for the past decade.
Buy stocks. Good ones. Maybe....even nibble financials.