The financials are not Bearish. I hate banks too but the charts say higher for now. I wrote a blog pos on the financials with about 8 charts of banks: BRK, BAC, GS, C, MS, JPM, FITB....NONE of them looked Bearish in the intermediate to long term. Scary
I believe financials are a little overextended. I bought 12 12/23.50 PUTS for .31 - just a feeling, not calling anything.
Financials turning red again today. Still right at break even with my 23.50 Puts. Also, not sure where to put this - but I purchased 8 TLT DEC 23 199 Calls yesterday for .74. Was up big this morning, but has come down to around breakeven.