nyorker

Touchdown: When Do Financial Stocks Hit Zero?

Thinking that If every financial stock in the DJIA went to zero and the dow would "only" lose 331.25 points is pretty disingenious, in my opinion.

Seeing as a large part of the problem with the market and financials is based on peoples "perception" and "sentiment" of what is and is "going" to happen is responsible for much of our problems right now.

If the financials went to zero, you would probably be looking at Dow 4000.

Unfortuantely, hysteria rules the day more than charts do.