Bank stocks are awful, just about the worst market sector in the universe, but hey â?? at least theyâ??re not doing as badly as they did in the 1930s. Yet.
Birinyi Associates sends us this frightening chart, which shows the lost decades for bank stocks that followed the Depression. Banks have been more volatile this time, but itâ??s early days yet.
This is a chart of the S&P money center bank index for the â??30s and the KBW bank index for the present day. Both are indexed to the start of their crashes.
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