This is a short term trade. We haven't seen the worst though the fed it trying to stop the bleeding. I plan on holding this for about a week to avoid a suprise rate cut which we are sure to get if things continue to deteriorate. The financials have given us no reason to be optimistic. They had a short bounce becasue there was such a steep selloff. I imagine that we will see a less dramatic decline, but a decline none the less.