Marketwatch: Meredith Whitney on the Rally

We are fearlessly shorting into the teeth of this rally based on the simple logic that bankrupt banks can't fake their earning forever. Now along comes Meredith Whitney saying that the banks earnings are rigged and the she would not want to own them on a core basis. We don't either.

She is more optimistic than I am about the bankstas ability to fix the earnings game, but I believe that this rally, the sham that it is, is a great opportunity to profit from the short side. They pumped it, now to cash out they gotta dump i t.