Zak's sentiment reflects what this JPM sector has experienced for 7 of the 10 months since ECU reached $1.90 last September, but we all should know that the likelihood of ECU rising 105% in 2.5 months into June 2009, just so it could fall back to new lows, is almost nil. And there was also much base- building accumulation and strong hands construction throught out that process.
You won't care when you get your $8.50 in 2010-2011, so some here have taken the position that it does more harm than good to watch the bleeds. We all should know what it is happening across the sector and that sentiment is in a bottoming process NOW. We may not can yet see what comes out the other end of the pipe, but it's in there building pressure from backlogged suppresion.
As for your frustration, you are not alone, and feel free to express it here...much better than snapping at the wife and kids and or abusing pets. There are those here who have no doubts as per ECUs destiny/destination. If you have your shares, you have your leverage, and if that leverage goes the wrong way at times, so be it!.....pic
