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Industry Calls Archives: Financials - September 2000
Financials
Thursday, September 28, 2000:  Financials, which sold off after our sell signal two weeks ago but have rebounded somewhat in the last several days, appear ready to resume their downtrend.
Tuesday, September 12, 2000:  We appear to have a sell coming on financials. Financials indices have run up fairly consistently by about 50% (individual stocks are up from 25% to 65% from their recent lows) since early March, and have triggered a last stage sell. This is probably either the top or near the top of the most recent major bull phase in financials, and we may expect somewhat prolonged or deeper declines within the industry.

 

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