XLF, Banking and Financial Sector Stocks
- Kirk
- Rande
- chz
- Rande
- Thruhiker
- Happy
- Happy
- Kirk
- Happy
- Happy
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» Kirk - More graphs
More graphs<img src=http://chart.bigcharts.com/marketwatch/c... width=451 height=342>
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
» Kirk - The key Norm, was buying XLF back when it was under $24 and when
The key Norm, was buying XLF back when it was under $24 and when the S&P500 was near a high...Selling strength (technology stocks) and buying weakness (banks) was a good move to beat the averages and is what Dreman speaks of in his book (see my reading list). Some of us did very well following this strategy...My mostly technology portfolios are still up YTD due to taking SOME profits and buying things like XLF. It is funny how you only need to do a little bit to get significant outperformance.
Try clicking on Jen's name to get info on posting links...
-- posted by Kirk
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