{"id":49210,"date":"2014-03-31T20:02:24","date_gmt":"2014-04-01T00:02:24","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=49210"},"modified":"2014-03-31T20:02:24","modified_gmt":"2014-04-01T00:02:24","slug":"bank-stocks-sending-sos-signal","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2014\/03\/31\/bank-stocks-sending-sos-signal\/","title":{"rendered":"Are Bank Stocks Sending an SOS Signal?"},"content":{"rendered":"

By Elliott Wave International<\/span><\/h3>\n

If you turn on CNBC first thing in the morning, you hear a lot about market indicators. Consumer behavior, GDP numbers, the Fed, interviews with CEOs — it’s all in the mix.<\/p>\n

Instead, Steve Hochberg of Elliott Wave International looks at important<\/strong> indicators that mainstream finance often overlooks.<\/p>\n

\"\"<\/p>\n

For example, consider this insight from the latest, March issue of Steve’s Financial Forecast<\/em>.<\/p>\n

This chart shows you that banks have dramatically underperformed<\/strong> the broad market since the Great Credit Crisis began. The top line is the KBW Bank Index. The bottom line is the ratio between the Bank Index and the S&P 500. Notice how the decline in the ratio came before<\/strong> the February 2007 reversal in the Bank Index. And the Bank Index reversal itself anticipated the October 2007 reversal in the broad stock market.<\/p>\n

Most importantly, this chart shows you that<\/p>\n

“…the Bank Index’s underperformance is even more pronounced now than it was in 2007. While the S&P moved to a new all-time high, the bank index has managed to retrace only 51% of its 2007-2009 decline!”<\/p><\/blockquote>\n

The bottom line is: Relative to the S&P, bank stocks made a high four years ago. So the question is, are the financials once again a leading signal of an impending credit contraction?<\/p>\n

Discover the answer for yourself in Elliott Wave International’s new special report, “The Financial Forecast “Nuggets” Report.” You can get it — FREE — right now. See below for full details.<\/p>\n

\n\n\n\n
\"\"<\/a><\/td>\nGain an Advantage Over 99% of U.S. Investors – in Just 15 Minutes<\/strong><\/p>\n

You can put yourself among an elite group of investors who step away from the herd. Investors who play by their own rules. Investors who protect their money from little-known risks yet still manage to catch and ride opportunities that no one else even sees coming. Investors who consistently prove that it PAYS to be ahead.<\/p>\n

That’s why we created the just-released Financial Forecast Nuggets Report. It delivers some of the latest juicy nuggets from our most popular service for U.S. investors. How can our 15-minute nuggets report be so valuable? It’s 100% FREE!<\/p>\n

Read it now and find out >><\/strong><\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\n

This article was syndicated by Elliott Wave International and was originally published under the headline Are Bank Stocks Sending an SOS Signal?<\/strong><\/a>. EWI is the world’s largest market forecasting firm. Its staff of full-time analysts led by Chartered Market Technician Robert Prechter provides 24-hour-a-day market analysis to
\ninstitutional and private investors around the world.<\/em><\/p>\n

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\n<\/div>\n","protected":false},"excerpt":{"rendered":"

By Elliott Wave International If you turn on CNBC first thing in the morning, you hear a lot about market indicators. Consumer behavior, GDP numbers, the Fed, interviews with CEOs — it’s all in the mix. Instead, Steve Hochberg of Elliott Wave International looks at important indicators that mainstream finance often overlooks. For example, consider … <\/p>\n

Continue reading “Are Bank Stocks Sending an SOS Signal?”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-49210","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/49210","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=49210"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/49210\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=49210"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=49210"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=49210"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}