Here is an oddity - the charts of regional banks are really looking strong. While reviewing my industry charts I was surprised to see such relative strength in the banks. These banks certainly are not at 52 week lows. Maybe these banks don’t have as much bad debt as it has been reported?
Update: Based on a comment, I added this chart of the KRE ETF which is a composite regional bank index. The suggested KBE is also an ETF to watch. But I liked the KRE (KBW) more.
Chart courtesy of Stockcharts.com
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Post Modified: September 28th, 2008 at 10:52 am
Tags: About · Financials1 Comment
1 response so far ↓
I think one excellent way to investing in many of the regional banks is to use the KBE ETF. While its come off its lows of the year it does give you adequate exposure to many of these financial institutions. You still get a decent yield and are able to participate in the eventual recovery over the long-term.