(Nov 14: Heebner Moves into Financials Big Time)

I never considered it possible for the U.S. to close its stock market but I think it could be possible now after watching this. (think it's impossible? Just remember all the things that have happened the past year that we once deemed impossible) It's also looking increasingly like Citigroup (C) might be joining AIG (AIG) in the land of "biggest individual bailout" of all time.

We're making good money today because we're properly positioned but in terms of thinking of the health of the US economy, it really is very sad to watch this all play out. CEO at Citigroup cuts 53K out of 350K jobs which usually Wall Street, in all it's cold hearted manner, cheers (cost savings) but the stock does not react at all - then plummets the next few days. Bank of America gets $15 Billion from tax payers and decides to spend $6 Billion in investing in Chinese bank... instead of huddling down for what is going to be coming down the pike the next 2 years... smart.

Looks like its time to bring back the banning of shorting of financials, eh?

• Shares of JPMorgan Chase & Co (JPM), Citigroup Inc (C) and Bank of America Corp (BAC) tumbled to multiyear lows on Wednesday on expectations that deteriorating credit conditions and a contracting economy will weigh heavily on the three largest U.S. banks.
• JPMorgan shares fell as much as 9.6 percent to their lowest level in 5-1/2 years, predating the arrival of Jamie Dimon as chief executive. Citigroup dropped as much as 14.1 percent to a 13-year low, and was surpassed as the fourth-largest bank U.S. by market value by U.S.