How healthy are the big banks? What kind of effects do they have on the stock market? No one knows the details, but we can get a pretty good idea of what investors think of banks, by simply looking at the point and figure analysis of the charts in this sector. In fact, we can look at the entire banking sector, the entire financial sector (not just banks) — and the relative strength of these sectors. It’s a worthwhile look!
We close this video with the grand-daddy of all financial sector charts: Lehman Brothers from 2008.
If you’ve got a mutual fund, exchange traded fund or a stock you would like us to ANALYZE, get in touch w/us! You can find Mullooly Asset on the web, or you can call us at 732-223-9000. We would be happy to review a chart for you and maybe even make a video of it. I would also add the following:
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