Interesting charts from Bespoke Investment Group, comparing the financial sector now to the bursting of the technology bubble between 2000 and 2002.
Financial Sector Has Seven of Ten Best Days During 2008
Excerpt: "With the sector down over 25% so far this year, it’s hard to believe that the Financial sector has had most of its best one-day performances since 1990 during 2008. But as shown in the chart below, seven of the ten best days for the sector (red dots) have come during 2008… If this story sounds familiar, it’s because we experienced a similar situation eight years ago with the Tech sector. As shown below, the Technology sector had nine of its ten best one-day gains during the bear market of 2000-2002…"
