BANKING ON A CORRECTION

摘要

The Financial Sector Select SPDR ETF (XLF) hit its high of 35.68 on Nov. 1, 2006. A little more than two years later it hit its nadir of 6.17 on Feb. 1,2009. XLF consists of 10 firms that are either investment banks or old fashioned banks. Berkshire Hathaway (BRK.A) and JP Morgan JPM) each comprise more than 10% of the fund with Wells Fargo (WFC), Bank of America (BAC) and Citigroup (C) rounding out the top five.