The Two Most Crowded Trades (Oil and Financials) Continue To Unwind

Crowded trades have a tendency to unwind in a violent manner. This process is currently underway, as oil and the much-maligned financial stocks are seeing a huge reversal of fortunes. Over the last two months, all of us have been aware of the surge in oil prices because it has affected us directly, in the way of higher gasoline prices. Also, when depositors - who were not certain how the FDIC (Federal Deposit Insurance Corporation) works - started hearing rumors that IndyMac bank was on the
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