With buy and hold basically dead, for now anyway, all of my trading has been extremely short term. I do continue to maintain and add to one position, FAZ. The 3X financial bear ETF. At this point it is obvious, the banks are worth zero. But their friends in Washington are doing everything they can to keep the public from knowing that. So really it is not a matter of if the banks are worth zero, it is "can they get away with it".
Here is a great video of Bill Moyers interview with William K. Black. One of the few people speaking the truth and I have a new found respect for Bill Moyers for airing the interview.
Click Here To Watch Video
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