Monday, September 15, 2008

S&P 500 and The Financials

With all this talk of imminent doom for our financial system, one would think that the Financial sector and the overall equity market would be making simultaneous lows. As shown below, however, both are still above their July lows, and the S&P 500 Financial sector is even above its August lows.

Spxfinancials_2

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Lunch is for wimps

Lunch is for wimps
It's not a question of enough, pal. It's a zero sum game, somebody wins, somebody loses. Money itself isn't lost or made, it's simply transferred from one perception to another.