Bailouts & Policy change rumours boost Financials

Paulson, Bernanke and the boys and girls on Capitol Hill were playing with your head again today. First of all the "No Short" list was supposed to end at the close of today, but was rumored to be extended.
Secondly another rumor from across the Atlantic alleged that France was putting together a major bailout plan of their own for Europe which was immediately condemned by Germany and was later refuted by the French Finance minister as rubbish.
And if that wasn't enough excitement the Senate puts on their snow blade and pushes the Bailout bill to their floor tonight at 9:30 EST causing the roller-coaster of a day into a broad upswing to the close led by the financials and more specifically the Regional Banks. It appears that the Regionals will be the big beneficiaries of the bailout plan.

Anyway the charts below of BBT, WFC, JOSB, and for comparison ETFC depict the effect of the governmental intervention. But a word of caution.....This sector may mightily bounce, but they may fall even harder and father as those who have been trapped get the chance to hit the exits. Take profits quickly and definitely before earnings season begins in earnest.

Also Steel got hammered again today so here's a longterm look. Can you say "Global Slowdown"?