Jolly_Rancher

Financials Down 6.1% - Like the Days of the Tech Bust?

The comparison doesn't hold water. Many many of the tech companies didn't even have a product and many that did had no revenue nor prospects of revenue for the foreseeable future. The tech stocks that were viable companies were valued way beyond what they could earn for many years. On the other hand, almost all of the the financial companies are viable companies right now and provide a real business model for profit in the near future as in one or two years out, many of them profitable right now. When the economy turns up, they'll make money again. You can't hold back the bankers because they own everything we have.