Study this: Gorgeous charts:  Asset Class Correlations - Bespoke Investment Group 

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BULL VS BEAR:

  

1.  Bullish:  Wow - READ THIS - Is it a Bottom in Financial Stocks?  Our short answer: yes - The bear market in financial stocks has lasted a punishing 18 months, but signs are emerging that it is over at last. Why First Horizon is especially attractive. Tom Brown explains at bankstocks.com 

2.  Bearish:  A Short Covering Rally - John Mauldin’s Outside the Box E-Letter 

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CW Bondholders scr*wed? - BofA Keeps Countrywide At Arm’s Length - Maurna Desmond - … Chief Financial Officer Joe Price said Bank of America “does not plan to guarantee” Countrywide’s bonds, and that he “understands the potential outcome of withholding payment,” according to TradeTheNews.com. … - Forbes

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Bush Prods Congress, as Financers Are Inspected - STEPHEN LABATON - Bank examiners from the Federal Reserve and the Comptroller of the Currency are inspecting the books of the nation’s two largest mortgage finance companies, Fannie Mae and Freddie Mac, as the Bush administration prods Congress to approve a plan that would enable it to inject billions of dollars into the companies. - NY Times

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