Financials
Unlike the other sectors, Financials were hit hard with another wave of selling in late May and June.
Risk averse investors should be stepping aside until the dust clears.
In my opinion, we won't see Dow at 15000 without this sector, as Financials still dominate other sectors of S&P at 21%. Price/Earnings of only 12 (as of June 30 using XLF), large cap financials are cheap relatively to other sectors. I added more XLF, on recent dip, in my virtual Financials sector fund at Marketocracy
Comments: View Comments | Thursday July 26, 2007
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