Where is the money going to go? Are there great arbitrage opportunities coming up for our group? I consider my fellow KRY investors real sharp cookies and I need imput.

I welcome everyone to discuss this OT.

We were going to have another stellar day marketwise until the news hit about GS.

Banks got hit hardest today from what I read. Banks and regional banks have been enjoying a run for awhile so I would say that investors are going to leave big banks and not flock to the regionals in general. There still might be a few standout regional banks but I have found none to report on but if anyone has ideas on this sector I would like to hear them. So where is the money going to go? Everyone who sold on the GS news has to wait 3 days to reinvest these monies or risk getting caught with their pants down, so where is that money going to be reinvested? Not in the financials. IMO, we could have short term waivering next week but I feel the bull market is still intact outside of financials and homebuilders, because there is no better game than the US markets right now. I personally like "good story" tech / electronics and medical / drug stock companies going forward.

I see infationary pressure in staples prices of late and the US market is the bubble that has been perserving / recovering some peoples wealth, I don't think it's over (just yet). The government will tone down the GS redderick over the weekend by the Monday open. I do not think the GS / banking people will recover from today's loss but the SP will be contained somewhere close to where it is now, unless everything melts down on Monday then the rest of what I say will be garbage.

Just think. The GS thing would have halted the market a year ago, today we had buying back into the end of the session!

Most Europeans were not happy with the Greek bailout news and I think that was reflected in their markets last night. Our market, (which was shrugging off the European markets decline) until noon looked golden, but now has some obvious cracks showing in certian areas. Gold / Silver and most of the miners (exept for KRY) followed the market right down so will they be a buy next week?

My best choices would be "good story" companies with no or little debt because of the lending / investing fund tightening comming, between now til Monday morning researching for some of the stocks that did not tank, or find some that should not have tanked but did anyways to get them at a discount.

For awhile investors have been leaving defensive stocks- now do they look more appealing?

Hey! What was this talk about fund managers buying Monday? is this an event or an educated guess?

One of the things I noticed was that the market looked like it was shrugging off the Goldman news later in the day but petered out in the end, but a few stocks closed green even though the market fell and here are a few of the stocks I watch (some I own)- uptrends that continued higher: ARNA, TLB, ARWR. ARNA looks short term bottom and have a phase III weight drug, TLB has retail eanings support. These might be good canidates for Monday, also ARWR (cancer drug delivery) has a pennant going and closed higher today. DDSS came off a long bottom and could continue higher (I hope) it was gaining ground back till the market faltered towards the end of the trading session.

Bob.

On KRY: I would have to say on a day when you think nothing is going to happen it does. A few more higher highs and higher lows and we will have a nice channel formed on our chart.