I came across the following. Will find time to prove it. Sounds logical.
Looking at the small cap banks KRE as a valuation indicator, it's at PB=1 same as XLF.
The biggest crashes came when one of two sectors are excessively overvalued, XLF or XLF:
neither one is right now. XLK is at PE=17 XLF at PB=1
Even if the SPY is to correct, it will just be like the one last year, 15-20% that's easily endured.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment