S&P 500 and the Financials

With all this talk of imminent doom for our financial system, one would think that the Financial sector and the overall equity market would be making simultaneous lows.  As shown below, however, both are still above their July lows, and the S&P 500 Financial sector is even above its August lows.

click to  enlarge

Comments

[Schweizer:]

XLF will collapse soon (next week?). Financial earnings are smoke.

2008 Sep 15 03:13 PM