Big US Bank In Trouble...

While we as traders will always be on the outside of this Wall Street banking crisis, we can nevertheless extract enormous amounts of information simply by observing trading patterns.  It is just as highly skilled poker players extract all the information they need simply by reading how their opponents bet and react to bets.  Notice today that the market supposedly rallied on an S&P report that we were nearing an end to large write-downs, yet the XLF still closed red. If the worst was really behind us we would have surely seen the large banks rally hard off the depressed levels they currently trade at.  Even Tuesday's Fed-induced rally failed to move the large banks in any significant manner.  Something indeed appears very fishy in the financials...