Correction on financials

By Duru

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....