July 19, 2008 - 52-week change in S & P 500 Financial stocks since autumn 1990: 1) absolute performance of S & P index of financial stocks in S & P 500 (excluding dividends); 2) how many percentage points financial index outperformed or underperformed full S & P 500; July 15. 2008 - worst 52 weeks ever (in absolute, relative terms) since S & P began calculating financial index (1989), down 53% (absolute) at low (previous record down 44% in fall 1990; subsequent 52 weeks, financials rose 58%); down 31% (relative) more than overall S & P 500 (two equivalent underperformances in 1990, March 2000; previously signaled buy opportunity).
No comments:
Post a Comment