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  • A No-Confidence Vote Among Financial Stocks [View article]
    When you consider that, absent the gub'mint bailout, many of the component banks in XLF would have a book value of ZERO, the XLF price is holding up quite well.

    Maybe when net bank equity gets back above zero the sector will start to see some recovery. Current non-borrowed reserves are $-320 Billiion.

    research.stlouisfed.or...
    Nov 18 14:39 pm |Rating: 0 -1
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