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« One and Done | Main | Crossing Wall Street: It's Like Reading Tomorrow's Newspaper Today » April 29, 2008 The Decline and Fall of FinancialsLook at the stunning decline in the S&P 500 Financial Index (^SPSY).
Notice how the line went from being somewhat smooth to being extremely jagged. Barry Ritholtz notes that there have been an amazing 12 rallies of 5% or more in the Financials Index since it topped out. Here's a look at the daily changes. Sometimes a chart says it all:
Posted by edelfenbein at April 29, 2008 2:55 PM |
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