This chart of the KBW Regional Banking Index - Philadelphia says it all.

Many people think the low prices of bank and financial stocks just can’t go any lower and are tempted to jump in and buy them. Please think again. This credit crisis is far from over. The Royal Bank of Scotland just this past week issued an ominous warning on the direction of the stock markets to their clients.

Study the chart referenced above, and while nothing is certain, this chart looks horrible. A dead cat bounce, in my opinion, is just another opportunity to go short at higher prices - but I reserve the right to be wrong, of course.

Buying SKF, an ETF designed to go up in price as financial stocks go down, along with shorting MBIA and AMBAC are ideas found in Casey Research publications at very opportune times. I’ve written before about how I kick myself for not taking Bud Conrad’s advice last September and shorting the two insurers of bonds.

There is still time to get on the 2 for 1 split in one of Casey Research’s flagship publications the International Speculator.

One publication will focus on big picture macro events and the other will be more of the traditional Doug Casey these stocks could double in a year type publication.

Join the ranks of International Speculator readers before the end of the month and you get two great publications for the small price of the one.

Check it out today while the offer is still on the table.