"Short financials" is easy. "Short the right financials" is hard.

Discovered this evening via Market Movers: John Hempton, a “semi-retired fund manager”, has an excellent, thoroughly-researched blog dedicated to analysing financial stocks. Some sample posts:

I’m going to use that last post whenever anyone asks me what an “options trader” does.

Add it to your feed reader if you’re even vaguely interested in stocks.