Paul Kedrosky: Insight into the Recent Financials Rally

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 Financials Eye First Top Finish Since 1993

S&P Financials Eye First Top Finish Since 1993

[via Bloomberg]”

Source:
S&P Financial Ahead for First Time Since 1993
Paul Kedrosky, Infectious Greed, April 19, 2009
http://paul.kedrosky.com/archives/2009/04/sp_financial_ah.html

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