Nobody has lost money doing this, and won't for awhile.
Financials will bounce once capitulation is made, which won't happen until some major financial institution goes bankrupt?
Solution to the oil crisis? Natural Gas...it is clean burning, doesn't require offshore drilling and is plenty abundant in this country in the shales.
I am bearish on HSBC Holdings, Bank of America, Zions Bancorp, Sun Trust, Marshall & Ilsley
I am bullish on Chesapeake Energy, Petrohawk Energy, Petroquest Energy, Southwestern Energy, Canadian Natural Resources, XTO Energy, Williams (WMB) and El Paso (EP).




