Time to Fade the Financials?

The rally in financials has been the story of 2012, so far. And the next chapter in that tale will show us just how much money was spent chasing bank stocks higher over the past few days. With earnings announcements from Citigroup and Wells Fargo (NYSE: WFC) on Tuesday, US Bancorp (NYSE: USB) reporting Wednesday, and Bank of America scheduled to make their quarterly announcement on Thursday, there are plenty of catalysts for traders and investors alike who may be inclined to sell any news from this overbought sector, regardless of what that news is….

Read More:  http://bit.ly/ynk2Ni

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