Correction on financials
October 26, 2001
Quick correction on my last missive!
I just found out that the financial index HAS been following the rest of the market. It's just that many of the key stocks I watch in that group have been doing very poorly. The fact that the financials overall have been following this latest rally is a good sign, but the divergence with underperformance of some of the more important names is an ominous sign of a potential coming breakdown in that index. The commodities have definitely not been following the market higher....