Today was a pretty cool day in the market. Financials were on fire today after an analyst at GS upgraded the sector. FAS was up a cool 26%! Taiwan has really taken off as well after the KMT allowed Chinese cos to buy a stake in a Taiwanese listed company. Things are clearly improving (credit spreads, consumer confidence…) but with all the unsold houses still on the market in America… I don’t think we are out of the woods yet.