Saturday, September 13, 2008

S&P 500 Financials

While some Financial stocks have been dealing with their fair share of turmoil this week, the sector itself hasn't had that bad of a week. As shown in the chart below, while the sector has come in some this week, it's still well above its July and August lows.

Finlsec

Below we highlight the ten best and worst performing stocks in the S&P 500 Financial sector this week. The moves in stocks on the downside look like they could be yearly changes. Lehman is down the most at -77.8%, followed by AIG (-45%), MER (-36.4%) and WM (-36.3%). Currently, 44% of stocks in the sector are up this week, and ZION is leading the way with a 9.28% gain. Other winners this week include BK, WFC, BBT and CME.

Financialstocks

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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.