Did you happen to notice that today’s triple digit rally happened without the banks? JPMorgan cut estimates on its peers in financialville and no one seemed to care.
Here’s what some of the Money Center banks did on the day:
| Laggards in Price Performance (Intraday) | |
| SUNTRUST BANKS [sti] | -1.82% |
| T C F FINANCIAL CORP [tcb] | -1.75% |
| ORIENTAL FIN GROUP [ofg] | -1.55% |
| P N C FIN SVCS GR [pnc] | -1.35% |
| United Bancshares, Inc. [uboh] | -0.87% |
| JP MORGAN CHASE CO [jpm] | -0.64% |
| CITIGROUP INC [c] | -0.24% |
| WELLS FARGO & CO NEW [wfc] | -0.18% |
Nice observation. I believe the bank rally actually happened on Monday, and on Tuesday they sold them into the market strength.
May not be a good omen for banks short term.
admin
http://invetrics.com
P.S.
DJIA index trading signal is up a respectable 68% for the year (as of November 1, 2009) and it is free of charge for individual investors.
Nice observation. I believe the bank rally actually happened on Monday, and on Tuesday they sold them into the market strength.
May not be a good omen for banks short term.
admin
http://invetrics.com
P.S.
DJIA index trading signal is up a respectable 68% for the year (as of November 1, 2009) and it is free of charge for individual investors.
… [Trackback]
[…] There you can find 9950 more Information to that Topic: thereformedbroker.com/2009/12/01/market-rallies-without-the-banks/ […]
… [Trackback]
[…] There you will find 25188 additional Info on that Topic: thereformedbroker.com/2009/12/01/market-rallies-without-the-banks/ […]
… [Trackback]
[…] Find More Info here to that Topic: thereformedbroker.com/2009/12/01/market-rallies-without-the-banks/ […]
… [Trackback]
[…] There you can find 38755 additional Information to that Topic: thereformedbroker.com/2009/12/01/market-rallies-without-the-banks/ […]
… [Trackback]
[…] Find More Info here to that Topic: thereformedbroker.com/2009/12/01/market-rallies-without-the-banks/ […]
… [Trackback]
[…] Information to that Topic: thereformedbroker.com/2009/12/01/market-rallies-without-the-banks/ […]
… [Trackback]
[…] Find More on on that Topic: thereformedbroker.com/2009/12/01/market-rallies-without-the-banks/ […]
… [Trackback]
[…] Read More on on that Topic: thereformedbroker.com/2009/12/01/market-rallies-without-the-banks/ […]
… [Trackback]
[…] Find More Information here on that Topic: thereformedbroker.com/2009/12/01/market-rallies-without-the-banks/ […]
… [Trackback]
[…] There you will find 34858 more Info to that Topic: thereformedbroker.com/2009/12/01/market-rallies-without-the-banks/ […]
… [Trackback]
[…] Info on that Topic: thereformedbroker.com/2009/12/01/market-rallies-without-the-banks/ […]
… [Trackback]
[…] Information to that Topic: thereformedbroker.com/2009/12/01/market-rallies-without-the-banks/ […]
… [Trackback]
[…] Find More on on that Topic: thereformedbroker.com/2009/12/01/market-rallies-without-the-banks/ […]