Don't liket his rally - Financials lagging badly

Discussion in 'Stocks' started by Jahajee, Oct 13, 2008.

  1. XLF is up by a measly 0.30!
    With ES up by 69 and DOW rally of over 500 points

    Don't like this rally, max S&P to 970/975
  2. gkishot


    XLF was up 10% on Friday. Other sectors are just doing catch-up.
  3. Mvic


    Why would the financials lead, equity holders can still be decimated by gov buy ins and their earnings are going to suck without all that leverege.

    The point is that the credit crisis has hopefully now been contained and other sectors of the marke that have transparency and real sustainable earnings can now be valued based on a future where the financial system has not collapsed.
  4. m22au


    My thoughts echoed Mvic:

  5. S2007S


    Financial index should be up at least 5% more than where it is now, I wouldnt doubt seeing the DOW close up only 100-200 points by the 4pm close due to the financials lagging ALL DAY LONG.
  6. m22au


    They're two different sets of stocks.

    One contains a lot of stocks that could be diluted by 79.9% overnight following a government infusion of equity.

    The other doesn't.

  7. gangof4


    yeah, i noted the same thing and acted on it. had a lot more $ in my acct b4 this epiphany...