KBW Bank Sector Index (see more http://www.kbw.com/research/BKX.asp) appears to be at cross-roads technically ...Up to date chart available here: http://stockcharts.com/h-sc/ui?s=$BKX&p=D&yr=0&mn=6&dy=0&id=p31950042624 , key to the downside seems at 40.5-40.00 area ...
"Dollar Dominatrix" (this name I saw at http://dealbreaker.com/ some time ago) Meredith Whitney does the PR for Oppenheimer (lay-offs there at PR dept to be expected too?) again, see here: http://blogs.wsj.com/marketbeat/2009/01/07/whitney-banks-still-under-strain/ or here: http://ftalphaville.ft.com/blog/2009/01/07/50870/whitney-tarp-funds-go-down-the-downgrade-drain/ . Well, i am not in love with financials too ...
S&P500 Financial sector and KBW Banks underperform the broader market today. One day does not make the trend, but consistent underperformance would be a bad sign for the market. European banks are even worse, in my humble view.
Deutsche Bank, BarcLe(y)hs are, among others, difficult cases for my stomach...
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