Financials: A Picture Worth 1,000 Words
Posted on Monday, July 7th, 2008 | In Current Market News, Exchange Traded Funds, FinancialContributed by: Richard Shaw (http://www.QVMgroup.com) -
Who a few years ago would have thought FNM and FRE would lose 70+% and 80+% of their market value?
This chart comparing the S&P 500 (SPY), the S&P Financial Sector (XLE), the KBW Large Bank Index (KBE) with FRE and FNM is breathtaking.
FRE and FNM plunged again today when the possibility of them having to raise $75 billion was floated — not that much left to give up.
Richard Shaw
QVM Group LLC
Last 5 posts by Richard Shaw
- Barclay’s New Target Risk ETFs - August 20th, 2008
- Do We Get a Monday BROW Beating? - August 10th, 2008
- USA Hits the BRICs - August 9th, 2008
- Today Was a Dollar Day - August 8th, 2008
- Bond Ladders & Layering with Bond Funds - August 7th, 2008
 About Richard Shaw (http://www.QVMgroup.com)
Richard is a fee-based investment advisor in Connecticut. His extensive experience, includes serving on the Board of Directors of Aberdeen Asset Management PLC ($158 billion assets under management, listed London Stock Exchange: ADN), and as a member of the Board of Directors of Phoenix Investment Counsel, a U.S. mutual fund and pension manager (part of The Phoenix Companies, $45 billion assets under management, listed NYSE: PNX). On the distribution side, he served as President of a distributor of offshore investment funds based in Luxembourg; and also as head of the institutional asset management sales division for a major asset manager. He was also responsible for management of a U.S. mutual funds broker dealer. Additionally, he has been a trustee of a $500 million pension fund and president of an insurance company. He has been a charter investor and member of the Board of Directors of several internet companies, including Lending Tree prior to its IPO and subsequent takeover. He is a graduate of Dartmouth College. QVM Group LLC is a Registered Investment Advisor. |
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