A Nineteenth Century View of Speculation that May Apply Today
The few remaining Oil Bulls left in the market meet in an underground bunker 100 feet below ground, under the headquarters of Big Oil in Irving, TX. Angry crowds of investors are closing in, advancing relentlessly. Artillery shell explosions can be heard distantly in the background.
FirstFed Financial Corp (FED) is one the most heavily shorted financial stocks in the market. It is the parent company of First Federal Bank of California, and the bank is considered one of the Option ARM triplets along with Downey Financial (DSL) and BankUnited Financial Corporation (BKUNA)