Street Justice: Tides a turnin'

When I woke up today I hadn't planned on totally flipping my investing strategy or perception. It just happened. don't get me wrong, I'm not cleaning out my portfolio of the HK's and FSLR's to replace them with housing stocks. I just have this feeling that a turnaround is close. It seems to me with all the Big Money Brains scrambling to fix the economy for so long. We have to be close. I really don't think every single bank and financial institution in the country is going to crumble. That being said, the ones that will be around when the smoke clears are pretty cheap. I can't begin to predict bottoms, but I don't need to. Even if the financials drop a little more, the good ones are still cheap at todays prices. As fun as this energy snatching and bank bashing has been to trade, it can't last forever. Energy stock prices are getting further away from being cheap and the window to get them undervalued is closing. I'm not running out to buy banks right away, but I have coverd my shorts and financials held moderate gains today. I konw a bargain when I see one and in a year maybe less, that's just what financials at today's prices will be. The Fed is begining day 2 of their meeting Wednesday. They are going to discuss interest rates and are not expected to say or do much. I have continued to maintain a long position in reguards to the USD/JPY and short the EUR/USD and GPB/USD for the longterm. Although the dollar is kinda weak short-trem, I am hoping any Fed news will give a little boost. To sum it up. Energy stocks have given new investors a chance to get in on a boom and emerging markets. Soon though, their prices will not be so cheap and the window to get them discounted is closing. Oil will eventually level out. When? I don't know, but when it does those hit hardest by it will rebound hardest(i.e.Airlines, retail, shippers). It is time to consider the fundamentals and low prices of the financial sectors for long-term growth. Good luck!!!!!!!!!!!