Financial Stocks Meltdown: A Picture Worth 1,000 Words
Stock-Markets / Banking Stocks Jul 09, 2008 - 02:41 AM GMTBy: Richard_Shaw
Who a few years ago would have thought FNM and FRE would lose 70+% and 80+% of their market value?
This chart comparing the S&P 500 (SPY), the S&P Financial Sector (XLE), the KBW Large Bank Index (KBE) with FRE and FNM is breathtaking.
FRE and FNM plunged again today when the possibility of them having to raise $75 billion was floated — not that much left to give up.
By Richard Shaw
http://www.qvmgroup.com
Richard Shaw leads the QVM team as President of QVM Group. Richard has extensive investment industry experience including serving on the board of directors of two large investment management companies, including Aberdeen Asset Management (listed London Stock Exchange) and as a charter investor and director of Lending Tree ( download short professional profile ). He provides portfolio design and management services to individual and corporate clients. He also edits the QVM investment blog. His writings are generally republished by SeekingAlpha and Reuters and are linked to sites such as Kiplinger and Yahoo Finance and other sites. He is a 1970 graduate of Dartmouth College.
Copyright 2006-2008 by QVM Group LLC All rights reserved.
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