an tSionna {02.16.11} KBE

KBE is a bank stock ETF.  Banks have performed well since late November and also since the beginning of the year.  Fundamentally banks are repairing their balance sheets and still have the government behind them regarding both regulation and the yield curve.  Banks should also start paying more in dividends over the next couple of years which could support an ETF such as this.

*Long KBE in client accounts.  Long certain other financial ETFs in individual & certain client accounts as well.