“We are all agreed that your theory is crazy. The question which divides us is whether it is crazy enough to have a chance of being correct. My own feeling is that it is not crazy enough.”
― Niels Bohr
Click on any chart to engorge it
Click on any chart to engorge it
Banks Back on the Schneid
The Bank Stock Index has just barely reentered the downtrend channel formed since April after a three day losing streak. It remains to be seen if the last two weeks were indeed a headfake, or the drop since Bernanke's jawjacking on Tuesday means down we go.