The financial sector has not been performing very well lately with so much negativity couple with rising oil price and unemployment data. It was certainly affecting Wall Street particularly the financials.
Referring back to the post, “Crude Oil Price And Fed Rate Pause – A Double Wammy?” posted on May 22, 08, my JPM Jun 50 [...]

Popularity: 47% [?]

Friday, May 6. The U.S. posted the highest unemployment rate since October 2004, jumped by half a percentage point in May to 5.5%, on the biggest increase in seasonally adjusted unemployment in 33 years.
The Labor Department reported that Nonfarm payrolls fell by 49,000 last month marking the fifth consecutive decrease and in line with expectations [...]

Popularity: 41% [?]

Lehman Brothers may appear to have escaped the investor panic that brought down Bear Stearns, but is it too early to jump back and buy financial stocks?
Many professionals think that the financials are not done yet. It’s just not the time to buy yet as you may have to wait for the housing to stabilize [...]

Popularity: 33% [?]