The Fly Has Donned His Bearskin Cape and Is Heading Toward His Bear's Den

From iBankCoin: 

Financials On Edge of Breaking Lower Again

Nothing in credit happens without affecting the banks. Ergo, as HYG drops and the prospects of high yield worsens, logic dictates so should the banks.
Goldman continues to break down.

More specifically, the XLF is below its downward barreling channel and looking like it wants to plunge.

I went long FAZ this morning.

DO NOT follow The Fly into the Direxion Daily Financial Bear 3x Shares (FAZ).

The moves can be so fast that a one-day 10% loss is not unprecedented.
The Fly can get away with it because of—if I may mix my species, if not my metaphors—because of his cat-like reflexes.
Rather consider his earlier post: "How to Protect Yourselves in the Coming Bear"

	Dow	23,740.97	-359.54	-1.49%
	S&P 500	2,559.39	-40.56	-1.56%

  FAZ $13.39 +0.4991 (+3.87% )

 Or short both the FAZ and its mirror image triple leveraged long (FAS) and collect the decay.