 Quote:
Originally Posted by CCdaCE
What I can't understand is why didn't KBE or KRE or VFH (Vanguard Financials ETF) get absolutely crushed at anytime this week? I was waiting for a true fire sale.
-CC |
KBE is capitalization-weighted, so it's price movement is dominated by the larger, less volatile (in a relative sense) banks (JPM, WFC, BAC, USB, etc) and it contains no investment banks (eg GS, MS, etc).
|