Next Shoe to Drop

With bankers and brokers so weak, especially in light of the fact that a couple subprime boys were thrown life rafts today, makes me think that we havent seen the final shoe drop in this drama. BKX is on its lows, XBD is on its lows and Citi just made a new intraday low. In my mind the market is saying that we havent gotten all of the bad news behind us here. I would not be surprised to hear some blow up over the weekend or early next week. In the meantime, it is a good environment to keep the stocks you love, and buy protection for a potential move lower.