[1]Presented with little comment as JPMorgan, Citi, and Morgan Stanley (and JEF) are now down year-to-date (after being up 35-40% just a few weeks ago) and catching up to the credit reality that we have been so vociferous about...
[4]
and finally - XLF has caught up to credit...
[5]
Chart: Bloomberg
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Links:
[1] http://www.zerohedge.com/users/tyler-durden
[2] http://www.zerohedge.com/taxonomy_vtn/term/164
[3] http://www.zerohedge.com/taxonomy_vtn/term/12218
[4] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2012/05-2/20120518_fins.png
[5] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2012/05-2/20120518_fins1.png