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5.  Possible 4 th & 5 th place prizes

8.  192,000 non-farm payrolls added in Feb  220,000 private sector jobs added (good sign)  -30,000 gov’t jobs cut (also good sign)  Initial jobless claims fell to 368,000 last week  below 400,000 key level  Unemployment rate 8.9%

9.  Oil v.s. Econ Data

10. Market Buzz after jobs data Airtime: Fri. March. 4 2011 | 9:42 AM ET

11.  Oil continues to dictate the market  However, economic data has been good  Economy gaining traction  Headlines will move markets in coming weeks due to lack of earnings and econ data  Saudi Arabia still markets biggest concern

13.  Engine of the economy  Facilitate the process of economic development  Must have lending in order to have sustainable economic growth  Financials reflect the health of the economy

14. Financials leading the way Airtime: Mon. Feb. 7 2011 | 5:16 PM ET

15.  BAC  JPM  C  WFC

16. HOLD 39% OF ALL U.S. CUSTOMER DEPOSITS  BofA  JPM  Citi  Wells TOTAL ASSETS  $2.4 Trillion  $2.0 Trillion  $1.9 Trillion  $1.2 Trillion

17.  U.S. largest retail bank, home lender, and investment bank  Acquired Merrill for $50 billion in ’09  Good play on the U.S. consumer & housing market recovery  Exposure to Asia with Merrill Lynch

18.  Largest U.S. bank by market capitalization  Bought Bear Sterns & Washington Mutual in ’08  Strongest balance sheet, “Best in Breed”  Likely to be the first major bank to increase dividend

19.  Largest international banking exposure  U.S. gov’t took a 36% stake in Citi worth $25 billion in ‘09  Gov’t made Citi unwind billions in assets to get smaller  Citi returned back to private ownership in late ’10  Good emerging market play

20.  Large retail banking and home lending business  Small investment banking business compared BAC, JPM, and Citi  Bought Wachovia in ‘08  Also good play on U.S. consumer & housing market  Low international exposure

21.  GS  MS  JEF

22.  UBS  BCS  DB

23.  RY  TD  BNS

24.  At the center of the recent financial credit crisis & housing bubble  Balance sheets were distressed  Suffered hundreds of billions in losses  The financial markets were on the brink of collapse  Depression was immanent  Banks bailed out around the world  Lots of consolidation in the industry  Fed used monetary policy to help banks  Lowered bank barrowing interest rates to 0.25%

25.  On going Legal issues  5 years or more of it  Foreclosure issues  Robo signing  Financial Regulation  Changed business models

26. Banking Golden Age Airtime: Thurs. Jan. 13 2011 | 3:36 PM ET

27.  In the beginning of a banking super cycle  Cash rich, balance sheets are strong again  Credit card delinquencies & mortgage foreclosures are down  Earnings power in “sharp up-trend”  Starting to lend more  Stocks trading below book value/cash value  Worst is behind them

29. BANK FAILURES IN U.S.  2008-25  2009-140  2010-157  2011-14 Total 2008-Feb 2011: 336  Five years prior to 2008, only 11 banks failed  Less banks = more market share for the remaining banks

30.  U.S. Treasury recently presented Congress with options for weaning the $11 trillion mortgage market from dependence on Gov’t  Reduce taxpayer exposure  Puts private investors on the hook

31.  U.S. banks in strongest position to take over the housing market  When economy recovers, credit is needed, it will have to come from banks  They will earn a lot in this position  Banks have the capital and balance sheets to handle it

34.  Last month, Federal Reserve told banks to stress test capital levels for new recession and 11% unemployment  Fed will start giving banks permission to increase dividends who pass stress test

36.  Goldman Sachs: Large Cap commercial banks one of their “Top trades in 2011”  Re-introducing dividends will bring in new money, push financials higher (big pension & mutual funds)  Some expect financial sector to grow 24% in 2011  Financials must perform well in 2011 for the market to go higher

37.  6 months chart of S&P 500

38. Is the Market Due for a Correction? Airtime: Thurs. March. 4 2011 | 10:27 AMET

39.  Banks ready for another run?  Have commodities & tech topped out short- term?

40. Gaddafi Cornered Airtime: Fri. Feb. 25 2011 | 6:24 PM ET