Insightful point offered yesterday by Paul at Infectious Greed. I am reposting, I hope honorably, below.
“No-no , nothing suspicious or worrisome or unusual about this: The financial subsector of the S&P just had its first quarter of leading performance since 1993. Check the chart:
S&P Financial Ahead for First Time Since 1993
Paul Kedrosky, Infectious Greed, April 19, 2009