$600 bln later, financial stocks finish in first place

NYSE

The NYSE

“Financial companies are the best performers in the Standard & Poor’s 500 Index this quarter, a ranking that has eluded them for more than a decade and a half.

The industry hasn’t finished in the top spot among the S&P 500’s 10 main groups since the third quarter of 1993, according to data compiled by Bloomberg. Every other group has been first at least one quarter in this decade.”

via S&P 500 Financials Eye First Top Finish Since ’93: Chart of Day – Bloomberg.com. (h/t Paul Kedrosky)

Uncle Sam must be so proud. And it only cost about $600 billion.

Image via Flickr

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2 thoughts on “$600 bln later, financial stocks finish in first place

  1. Just goes to show how very, very shafted the rest of the economy (a.k.a the real economy…that actually produces stuff) got shafted.

    Bonuses all around?

  2. Nancy, glad to see your wisdom broadcast. Hmmm. Actually $600B seems pretty cheap to me.

    What’s Iraq/Afgan costing again?

    Elmer

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