Comments on: Financial Sector Roars Back http://www.tradersnarrative.com/financial-sector-roars-back-825.html Freshly squeezed market commentary & analysis Thu, 18 Mar 2010 19:50:19 +0000 http://wordpress.org/?v=2.0.2 by: Gregor http://www.tradersnarrative.com/financial-sector-roars-back-825.html#comment-27680 Fri, 25 Jan 2008 03:32:19 +0000 http://www.tradersnarrative.com/financial-sector-roars-back-825.html#comment-27680 <em>I find it astonishing that this sector could get crushed even more severely than it did than during such periods of financial turmoil as the 1998 LTCM crisis and the popping of the Internet bubble.</em> The LTCM/Russian Rouble meltdown was child's play in both size and scope to what's unfolding now. Of course, it seemed like the end of the world at the time. It wasn't. The danger here, now, is that the current disease is so huge and widespread it looks like it could unfold over several years. By the way, I am bullish on global stocks, regardless. I find it astonishing that this sector could get crushed even more severely than it did than during such periods of financial turmoil as the 1998 LTCM crisis and the popping of the Internet bubble.

The LTCM/Russian Rouble meltdown was child’s play in both size and scope to what’s unfolding now. Of course, it seemed like the end of the world at the time. It wasn’t. The danger here, now, is that the current disease is so huge and widespread it looks like it could unfold over several years. By the way, I am bullish on global stocks, regardless.

]]> by: Scoad http://www.tradersnarrative.com/financial-sector-roars-back-825.html#comment-27546 Thu, 24 Jan 2008 16:18:55 +0000 http://www.tradersnarrative.com/financial-sector-roars-back-825.html#comment-27546 The BKX rally looks a bit too abrupt to be a solid bottom but its a start. I think you'd have to go back to the S&#38;L crisis to get a period as bad as this for the financials. LTCM and the dot- com bust weren't as bad for the financials, although for the total mkt I think dot-com was a lot worse. Just one more sentiment beauty- the "legendary", Jeremy Grantham on Tues told us the Minsky meltdown had arrived- well the melt froze ovr pretty quick and today we hear that he says it'll take yrs to fix this crisis. At the same time on practially every financial website the smart guys who of course saw all this coming are telling everyone to rent stocks for a bounce and then reload those shorts baby. Hmmmm... The BKX rally looks a bit too abrupt to be a solid bottom but its a start.
I think you’d have to go back to the S&L crisis to get a period as bad as this for the financials. LTCM and the dot- com bust weren’t as bad for the financials, although for the total mkt I think dot-com was a lot worse.
Just one more sentiment beauty- the “legendary”, Jeremy Grantham on Tues told us the Minsky meltdown had arrived- well the melt froze ovr pretty quick and today we hear that he says it’ll take yrs to fix this crisis. At the same time on practially every financial website the smart guys who of course saw all this coming are telling everyone to rent stocks for a bounce and then reload those shorts baby. Hmmmm…

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