Here are some historical snap shots of the FINANCIAL SECTOR of the S and P 500…as you can easily surmise, we are at lows not seen in decades. Wow! This should give you a pretty good perspective, along with the other article I posted below as to just where are banking system is at present. It is reason of unprecedented concern, and my concern is not whether the banking system will rebound, but….will it survive. Of course, the Fed has been doing triple duty pumping cash into the system, but the question remains whether or not the system is so broken that it might be beyond repair.
