Monday, April 20, 2009

Financial Stocks Get Creamed

What a horrible day for stocks in general but especially bank and insurance stocks. Looks like the market is begining to realize that the profits the major banks are reporting is just clever accounting not real improvement. The huge bear market rally may have seen it's highs, action in the financials is today is downright scary.-Lou


Banks

Citigroup 2.94 - .71 -19.45%

Bank of America 8.02 -2.58 -24.34%

JP Morgan 29.69 -3.57 - 10.73%

PNC Bank 36.88 -4.72 -11.35%


Insurance Companies

Hartford 9.11 -2.07 -18.52%

Metlife 23.38 -4.14 -15.04%

Lincoln Natl 8.78 -1.29 -12.81%

Genworth 1.96 -.34 -14.78%

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