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Leadership from Financials?

Posted By Barry Ritholtz On July 19, 2004 @ 10:34 pm In Finance | Comments Disabled

A reader asks: “What about the financials? Aren’t they showing leadership today?”

Today, sure . . . but lately, they’ve been hardly inspiring.

Consider this ominous chart pattern:

financials_leadership
Chart via Barron’s [1]

Not the stuff of dreams, is it?


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[1] Barron’s: http://online.wsj.com/barrons/article/0,,SB109026084415067496,00.htm

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