The Commissioner-less Fast Money crew discussed this Thursday's mark-to-market ruling coming out of FASB:
You can also read the CNBC recap if you're so inclined, but the gist of the segment is on April 2, FASB will almost certainly make some adjustment to the mark-to-market rules. This rule change should be a positive catalyst for financial stocks. Finerman suggested the XLF; Najarian suggested the juicier FAS. Guy posited that the "stars could align" and we'll see a retest of S&P 741 this week, followed by a financials-led run. I hope he's right, as that's my market outlook this week, and it's how I've set up my portfolio.
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