Financial stocks above 52-week low

even though markets are near multi-year lows

Examples:

Close ---- 52-low

C --- 17.75 ---- 12.85
JPM --- 41.00 ---- 29.24
GS --- 120.70 ----- 85.88
XLF --- 18.57 ----- 16.77
WSF ---- 21.26 ----- 16.26
BAC ---- 30.25 ----- 18.44

 

I'm still baffled by that fact. XLF should be floating in the SINGLE digits.

 

add, UCBH 6.20 --- 2.20

 

That's a very powerful bullish divergence.

I think its cause all the huge banks have been swallowing up smaller banks for (almost) free.

 

neither are the builders

means to me there may still be some greed and stupidity to get washed out of the market when the next bank or financial fails right after the bail out gets passed and the whole world knows we are f#cked because the bail out won't do shit and won't work.

 

add, UCBH 6.20 --- 2.20

 

JPM, BAC, WFC, C are almost 30% of the holdings.