XLF Almost Hit 20% of Peak

E. Forrest Christian Financial crisis Leave a Comment

I’ve mentioned the idea that XLF must lose at least 80% of its value from peak for the US economy to have bottomed out. Yesterday, perhaps as a house-warming gift to Pres. Obama or a moving present to Pres. Bush, the markets tanked and XLF fell to its all-time low of essentially 8. Since it peaked at almost 32, that’s …