Financials Still Hurting

12/02/2008 9:34 am EST


Thomas Aspray

, Professional Trader & Analyst


Yesterday's sharp plunge in the market erased some of last week's gains and the financial stocks continue to be leading the market on the downside. The monthly chart of the Financial Index shows that the RS chart turned negative in early 2007 and these stocks continue to be weaker than the S&P.

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