I don't like the smell of things, and see more reward by shorting, or digging into some equities elsewhere.
There may be a small pop still coming, but this is not a shareholder value based organization, and the Federal reserve money printing has created dramatic asset price inflation.
The equity market is being set up for disappointment, and an opportunity cost decline some time soon.
Fannie Mae, Freddie, AIG, C, this is evidence of froth my friends....
Until this changes, the risk/reward does not circle Cobra.
If you disagree, let me know your opinions and why.
-Regards