Bank Index Still Underperforming
Sometimes all your fears come true. Here are some of the points we collectively worried about:  Even though in the 2000-2003 bear market there was one 6-month rally most bear-market rallies on average last about 2 months. So given that the low was reached on November 20 2008 we might be entering a more vulnerable time in the market action. Interestingly the bulk of the gain came on the first 2 days after the low. Since then while some beaten-up equities have continued to add onto further gains and breadth has expanded the major indexes gains have been marginal. ...
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