Reality Check on the Financials?

Financials have been hit this morning on a report from Michael Mayo, a well-known banking analyst (http://www.cnbc.com/id/30066933). The thing is, he hasn't said anything different from what he has been saying - I guess it's a reality check for the markets. Also it's an excuse for folks to take some profits from the massive rally that we've experienced.

With the exception of my current holdings, I'm going to stay long cash until the morning plays itself out...

Since April 6:

• Today's Gain/Loss: + $250.02
• Total Gain/Loss: + $231.07