Banks look really bad. I can't buy the bullish scenario
ie. a rally to new highs, when on a day when AAPL etc. is down less
than 1%, qqq are less than 4% from a new 10 year high and BAC is in
the dumps and down 4.2%. This divergence has only been
getting worse over the last few months. Markets look
broken... and yes, I sound like a broken record.
DB down 6.5%
Posted by kalinm on 4th of Nov 2011 at 11:23 am
Banks look really bad. I can't buy the bullish scenario ie. a rally to new highs, when on a day when AAPL etc. is down less than 1%, qqq are less than 4% from a new 10 year high and BAC is in the dumps and down 4.2%. This divergence has only been getting worse over the last few months. Markets look broken... and yes, I sound like a broken record.
Be afraid, be VERY afraid....
Posted by quantum on 4th of Nov 2011 at 11:37 am
Be afraid, be VERY afraid....