Professor Mark J. Perry's Blog for Economics and Finance
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Friday, April 17, 2009
100% Gain in KBW Bank Index Since Early March
The KBW Bank Index (^BKX) closed today at 37.91, reaching its highest level in three months, since it closed at 38.1 on January 13, and it's up by 100% since the March 6 bottom of 18.62.
If the government were showering money on me I could gain 100% pretty quickly too. What's your point? Do you actually think this is a *healthy* thing, or just another step into the corporatist abyss?
If the government were showering money on me I could gain 100% pretty quickly too. What's your point? Do you actually think this is a *healthy* thing, or just another step into the corporatist abyss?
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