13 October 2009

FRS at the end of the day

Did you see something Meredith Whitney didn't? Stocks down but esp. our Highs and Lows both down about 35 bps more than the S&P. How come? High risk financials eg CIT and GNW as well as low risk 'financials' viz. health insurers get clocked. Consequently the extremes cancelled themselves out. It happens.

No comments:

Post a Comment