dick beauvais an analyst is fairly influential and fairly widely read. he said that bank stocks were trading on fumes and said take some short-term profits, that the recent rise we have seen in the last month is driven by a change in psychology. everybody thought that essentially banks were inn solvent and now everything is better but the earnings outlook isn't really improving that much. so the bottom line is, we have seen weakness today and that's the group that makes some sense. will the, remember, cit has been a disappointment, as well. remember last week, they're in a big restructuring effort. they may have to file for bankruptcy. if approximate they don't get this debt tender offer through, they're going to need that debt tender offer to cover their debts here. they came out this morning, they're delaying their quarterly report because they're still trying to get the restructuring going here, a bit of of a disappointment. >> let's go back to the bank earnings. basically, they're borrowing at next to nothing because interest rates are so low. so at

analyst dick beauvais out with i note today saying now may be the time to take profits and we are infor near-term correction, earnings will the second half of the year will not improve. guy adami, do you go bottom fishing? >> no, it just turned negative, and if you watch the chart, they have been down the last week and a half. of petey talked about it last night on the show. wells fargo had an interesting reversal the other day, a lot of chatter they were going to earn their way back to pay the t.a.r.p. but now there is talk about a secondary. and if wells prices the secondary, this is probably a name you're going to be short, as well. i'm not a doom and gloomer by any stretch of the imagination, but i agree with the panel. i think we're going down. >> in the short-term at least. next to energy, believe it or not, financials had the highest ratio of losers in terms of earnings versus winners. and not just that, but the bkx, up 33% in the last month or so. i think statistically price wise. >> the kdw banking index down by 4.25%, so the bigger loser we are watching. pat trisha edwards,