Derivatives
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- The Concrete Shoes of XLF
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Lately there have been quite a few days when it looks as if the market is wearing ‘concrete shoes’ and will never be able to keep its head above water. Time and time again the financials look like those concrete shoes: financials plunge; the market follows. In fact the performance of financials relative to the broader market has been weakening steadily since early October 2006, when the ratio of financials (X…
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19 November, 2008| Derivatives |
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