Interesting that after a day that the financials took the news of the $26 billion of Dubai restructuring as good news, they are selling off into a strong market. Does it say anything? Probably not…
Either way, it is interesting to note that only a few days after a 97% down day for the S&P 500 on higher volume, we are seeing such a quick snap back.
Disclosure: Horowitz & Company clients may hold positions of securities mentioned as of the date published.