rout
Financials Rout – Fear is in the Air
Read the full article: http://blog.ockhamresearch.com
The brutal sell-off in financial stocks over the past couple of weeks smacks of the kind of real fear typically seen during the capitulation phase of bear markets. While the underlying problems that created this maelstrom are real, the market is behaving as if every domestic financial institution is at risk of failing--which is simply not true.
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