What are the best bank related stocks to short right now?

I realize puts on bank stocks may already be too expensive but there must be some stocks out there that are over valued and will be seriously affected by another round of toxic mortgages. Any info or good newsletter articles would be appreciated.

Answers

CG answered a question in Options.
307 points

CG answered 2 weeks ago …

We're recently short BMO per http://ridingthegravytrain.blogspot.com/2009/10/do-bears-always-hibernate- in-winter.html

Shorting XLF, the financial sector ETF, and holding short below $16 looks like a good setup as well.

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