Closed-End Fund Market Commentaries
Nov 14, 2017
Click here to access An Update On The Recovery In Financial Stocks
View from the Observation Deck
1. Financial companies have been in serious recovery mode since the 2008-2009 financial crisis. Financials, particularly the banks, were at the epicenter of the crisis. Financials actually peaked months before the crisis began.
2. As indicated in the table,the all-time high for the S&P 500 Financials Index was set on 2/20/07. From 2/20/07-3/6/09 (peak to trough), the index declined by 84% on a price-only basis (not including dividends), according to Bloomberg.