XLF, Banking and Financial Sector Stocks

Top 116. Jun 4, 2000 8:09 AM

» Kirk - Banking Bear Boogied?

Anyone besides me notice that the 1 year Bear Market for Banking and Financial Services stocks seems to have just about ended as we have almost reached old highs?
<img src=http://chart.bigcharts.com/bc3/intchart/... width=430 height=218>

Amazing how fast the market moves.

Interesting to note that good stock selection (Citigroup, for example) can sometimes avoid a bear market in a sector.

Perhaps BTO is a good way to get in if you are late to the party?
<img src=http://chart.bigcharts.com/bc3/intchart/... width=430 height=218>

Thruhiker gave a good recommendation for BTO WAY back and it seems to be giving enhanced returns as he suggested it could! Great job!
<img src=http://chart.bigcharts.com/bc3/intchart/... width=430 height=218>

All you have to do is read this site on a regular basis and it is amazing all the little gems you get.
Thanks Thru and the others that helped highlight the buying opportunity in the Banking and Finance stocks right here!

-- posted by Kirk

Top 117. Jun 4, 2000 11:32 AM

» JenL_2 - Washington Mutual : WM...

...is another one that's been Popping - closing Fri @ 32 5/8 - up from a 22 low:

WM 1 YR Chart

....Jen

-- posted by JenL_2

Top 118. Jun 4, 2000 12:15 PM

» Kirk - More graphs

More graphs

You really need to see charts for bank stocks graphed against the best, C, as well as the index, XLF.

By almost all definitions, the banking industry was in a bear market. Toss out the one winner in Citigroup from XLF and that index would have looked even worse! I think C is about 12% of XLF.

Lets put another in, Bank One, just so WM doesn't look so bad... I also added Fidelity Select Regional Banks which I bought in my IRA back in Dec. 99 (up 12% on that buy!)
<img src=http://chart.bigcharts.com/marketwatch/c... width=451 height=342>

-- posted by Kirk

Top 119. Aug 11, 2000 6:26 PM

» Rande - Great to see the financials doing so well.

Great to see the financials doing so well. In fact, XLF (financial sector spiders) is now up 17.98% y-t-d and 21.21% since 12/16/99. Not too shabby given the relatively flat year in the broad market so far. ;)

-- posted by Rande

Top 120. Aug 12, 2000 3:48 PM

» chz - financials

Rande, thanks for your post. Do you feel that
this trend will continue? Also, any thoughts re
financials (ie. insurance, brokers, etc.) vs
banks per se, or would you stick with xlf?

desertcel

-- posted by chz

Top 121. Aug 12, 2000 4:09 PM

» Rande - des,

des,

I still like XLF a lot.

-- posted by Rande

Top 122. Aug 12, 2000 4:40 PM

» Thruhiker - I believe the FASB is going to allow pooling thru 7/1/01 rather

I believe the FASB is going to allow pooling thru 7/1/01 rather than to eliminate it 1/1/01. Still look for financials to do well at least thru that date.

-- posted by Thruhiker